Tag: business

Preventing Physician Fatigue at Your Medical Practice

Posted on by VettersEnt

As we covered in our last blog, preventing physician fatigue needs to be a major priority for every medical practice. When providers are under constant pressure to perform, not only are they at risk of developing stress-related health issues, but employees and patients can also suffer increased stress and dissatisfaction. Thankfully, there are a number of strategies currently being used by many medical practices to get to work preventing physician fatigue.

How Your Practice Can Work to Prevent Physician Fatigue

  1. Make wellness for your employees a top priority at your medical practice. Remember that physician burnout isn’t just a problem for the doctors experiencing it, but also the patients and employees who may bear the brunt of it.
  2. Create a wellness position at your practice or a collaborative committee. Your wellness chairperson or champion should be someone who can help to survey employees for burnout and troubleshoot initiatives to prevent physician fatigue. These employees can also work to make employees aware of all of the wellness resources available and model positive anti-burnout activities, like leaving the office on time or stopping during lunch for a short meditation session.
  3. Survey your employees on a yearly basis to see what employees are doing to keep themselves in good physical, mental and emotional health. Use the results to identify potential workplace wellness initiatives and get a look at where your medical practice is succeeding and where you could stand to improve.
  4. This might seem obvious, but if you complete a workplace wellness survey, you should also use the results to make positive changes in your workplace. Whether it’s redesigning the way that daily workflow occurs or developing new and better ways for employees to communicate, these changes will show employees that you are listening and that you care about their experience enough to change.
  5. Once you have made some changes, you should repeat the survey to see how things have changed. Are you doing your job when it comes to preventing physician fatigue? Checking back in allows you to also see if there are new areas where you could stand to improve.
  6. Don’t call out employees or embarrass anyone in the office with survey findings. Instead, you should be supportive and continue to emphasize improvement. Just like physician fatigue doesn’t happen overnight, counteracting burnout doesn’t happen in one day either. 

Preventing Physician Fatigue with Vetters Enterprises

Vetters Enterprises specializes in practice management, private practice business support and revenue cycle optimization. We can perform in-depth assessments of your practice or facility and identify potential issues. Let us keep your business as healthy as you keep your patients! Give us a call at (443) 352-0088.

The Real Cost of Physician Fatigue

Posted on by VettersEnt

According to a number of recent studies, physician fatigue is no longer a marginal problem, but instead an epidemic sweeping through hospitals and medical practices. Physician burnout has a far-reaching impact on physicians themselves, patients and the finances of every healthcare facility.

Physician Fatigue 101

Physician fatigue is used to refer to doctors experiencing emotional exhaustion, a decreased feeling of success and pride at work, cynicism, exhaustion, depersonalization of patients and a lack of empathy. Burnout can be subtle and affect any healthcare practitioner.

There are four core factors that increase stress levels and the likelihood of physicians specifically experiencing burnout and fatigue.

  1. Time: Doctors are under a great deal of pressure to do a lot of tasks in a short amount of time and document the entire process.
  2. Chaos: Physicians experience disorder on a regular basis, even in organized offices that sometimes lack resources or a streamlined workflow.
  3. Lack of Control: Feeling a persistent lack of control over the tasks performed, work conditions and environment can increase fatigue.
  4. Competing Demands: When doctors are constantly pulled in two different directions, like needing to increase the number of patients but also spend more valuable time with each patient, it can also contribute to burnout.

It has been directly linked to:

  • Physician alcohol and drug abuse
  • Decreased patient satisfaction and care quality
  • Higher malpractice risk
  • Higher turnover
  • Physician suicide

With physician fatigue being a potentially fatal disorder, it’s vital that your practice takes it seriously.

On Patients

Burnout can compromise patient care and patient experience. When anyone experiences high levels of stress for long periods of time, their memory, attention and decision-making will be affected. In a career where skilled, competent and timely decision-making is so important, the consequences of physician fatigue can be deadly for patients.

On Practices

To demonstrate the devastating impact of physician fatigue can be demonstrated in one study by the American Medical Association. This found that in a healthcare system with 500 doctors and the average national rate of burnout (54%), a whopping $12 million a year would need to be spent only to replace the physicians that were lost. That figure does not factor in decreased productivity, financial ramifications of mistakes and more.

Reduce Physician Fatigue with Vetters Enterprises

Let us help you eliminate the chaos in your office and reduce stress levels with our services in practice management, private practice business support and revenue cycle optimization. We can perform in-depth assessments of your practice or facility and identify potential issues. Give us a call at (443) 352-0088.

The 4 Most Common Reasons Your Practice’s Claims Are Bouncing

Posted on by VettersEnt

Billing can be time-consuming, tedious and frustrating to say the least. It can be even more frustrating when the medical claims that you worked so hard to submit are bounced right back. What are the most common reasons that a medical practice’s claims are bouncing back after submission?

Minor Errors

Just like it’s easy to miss a comma in an email or mistype a word, it’s also very easy to make minor errors in medical claims. Reimbursements are often denied or delayed due to seemingly-small mistakes, like forgetting to include a plan ID number or mixing up a letter. Because front desks are already so busy and overwhelmed, mistakes can fall through the cracks. One winning solution to this is using a professional outsourced claims processing service that will review claims before submission and look just for errors. The time saved from going through a resubmission is much less than time spent reviewing claims.

Missing Information

Another common reason that claims are bouncing is insufficient information. You always need to submit documentation to back up claims, and you should always supply each insurance provider the information that is requested to process payment in an expedient manner. Again, it is much easier to put the effort into properly gathering everything beforehand instead of needing to go back in the future to find the right documentation.

Skipping Authorization

If you needed authorization before a procedure was performed and it was not secured, you shouldn’t be too surprised that a claim bounced back your way. You should verify whether or not prior authorization is needed before you schedule the procedure. When it is time to bill, ensure that you also include the prior authorization number on the submitted claim. While prior authorizations can seem like an annoying extra step, they are vital to ensuring that claims receive approval in a prompt manner.

Changes on the Patient End

One of the most common reasons for claim denial isn’t necessarily your practice’s fault at all. Claims are often denied because a patient’s coverage has changed, the plan or payer has been changed or coverage has been terminated altogether. Even if you think everything is the same as the last time you spoke with a patient, you should always ask to confirm insurance information and see an insurance card at each appointment.

Trust the Experts at Vetters Enterprises for your Billing Needs

Vetters Enterprises specializes in practice management, private practice business support and revenue cycle optimization. We can perform in-depth assessments of your practice or facility and identify potential issues. Let us keep your business as healthy as you keep your patients! Give us a call at (443) 352-0088.

When You Should Call Your Patients Instead of Emailing

Posted on by VettersEnt

Technology has changed the entire healthcare landscape, and for many doctors, it has also transformed the way that they speak with their patients. Instead of communicating by telephone and letter being the only options, emailing and texting are now on the table. Do you know when you should call your patients instead of emailing or texting?

Why Do Doctors Email?

A growing number of doctors use email for most regular communications, as it can increase practice efficiency and prevent playing phone tag. Doctors also like being able to make themselves available for patient questions and concerns around the clock through email. Email communication can also be perfectly sufficient for quick messages requesting appointments, rescheduling or requesting prescription refills. However, there are HIPAA violations that can come to play over email that aren’t as possible elsewhere.

When Emailing Is Inappropriate

As with any other technology product, there are both upsides and downsides to emailing instead of calling your patients. Beyond potential murky water with HIPAA guidelines, there are many situations where emailing can lead to unnecessary stress and confusion:

  • Discussing issues before completing a physical examination of the patient could lead to misdiagnosis.
  • Email messages can be misinterpreted by the patient receiving them. If the misinterpretation leads to damage, you could be held liable.
  • Anyone who is not the patient could open the email and read sensitive information.

If there is a chance that any of the above scenarios could occur, you should call your patients instead. Remember that the tone of your voice can have a huge effect on the message that a patient receives, and written words are not ideal for conveying tone.

If You Do Email

When it is appropriate to email instead of calling your patients, use the following best practices:

  • Use email messages to supplement your existing patient relationship, send reminders and offer general health tips.
  • Only use email if you have a firewall-protected server and both you and the patient are using encryption technology. Most standard email does not meet HIPAA requirements.
  • Educate your patients about when it is appropriate to email the office instead of calling.

Learn When to Call Your Patients with Vetters Enterprises

Vetters Enterprises specializes in practice management, private practice business support and revenue cycle optimization. We can perform in-depth assessments of your practice or facility and identify potential issues. Let us keep your business as healthy as you keep your patients! Give us a call at (443) 352-0088.

How to Use Patient Reviews to Your Advantage

Posted on by VettersEnt

Did you know that almost 85% of patients use online reviews to evaluate and select physicians? If you don’t have a handle on what online reviews have to say about you and your practice, you can’t afford to do so any longer. How can you harness the power of patient reviews to your advantage?

Good Reviews Matter

Good reviews of your practice online are a big deal. The number of patients using online reviews to determine a provider is rising, along with the number of patients who count them as very important. Almost half of the patients in a 2015 survey indicated that they would consider going out of network solely based on patient reviews. If that doesn’t convince of the power of great online reviews, nothing will!

The Good News

While plenty of physicians loathe online review sites on principle, like restaurants worried about Yelp!, there is plenty to be excited about. The majority of patient reviews are either neutral, somewhat positive or very positive. When patients read healthcare reviews, they are more likely to focus on positive experiences rather than negative experiences. Only 19% of online reviews are negative. That number is high, but there are many ways to encourage good reviews of your practice without stepping into ethical hot water.

How Can You Encourage Patients to Leave Reviews?

The most important thing to keep in mind when asking patients to review you online is never to tell them what to write or to say only positive things. You should also avoid offering an incentive for a positive review, like a gift card or discount. So, how can you encourage patients to leave reviews of your practice online?

Get in the habit of proactively asking for feedback in your patient communications. When you send out an email thanking a patient for attending an appointment, include a link to popular review sites. When checking a patient out, have your receptionists give them an appointment card with the date of the next appointment and a reminder to leave a review online. By routinely reminding your current patients to review your practice online, you will increase the chance of them actually doing so. You can also start by approaching your long-term, most satisfied patients and asking them to write a patient review about your practice online.

Partner with Vetters Enterprises for Great Patient Reviews

Vetters Enterprises specializes in practice management, private practice business support and revenue cycle optimization. We can perform in-depth assessments of your practice or facility and identify potential issues. Let us keep your business as healthy as you keep your patients! Give us a call at (443) 352-0088.

Is Your Practice Location Hurting Your Bottom Line?

Posted on by VettersEnt

What is one of the keys to a successful medical practice? It’s all about location, location, location! When you are trying to find the perfect practice location for your office, there are many factors that you must consider to ensure long-term profitability and success. Whether you’ve been in the same location for a decade or are finding space for the first time, here’s what you need to know about choosing the right location. 

Why Does Location Matter?

Three recent studies found a single common factor in what matters to patients—location. 6 out of 10 patients choose a practice primarily based on location. In fact, convenient location is twice as important to patients as your practice’s success rates or outcomes.

Competition Isn’t Always a Bad Thing

In neighborhoods and cities where medical practices are on every street, it might seem like you have no chance to succeed against already-established doctors with a reputation in the community. Don’t be intimidated by competition, as there are many clever ways to differentiate your practice from the crowd. Check the population-to-professional ratio for the area around you. In areas with low numbers of professionals, there won’t be much competition. However, in busy areas marketing, reputation and customer service can make a huge difference.

Demographics Make the Difference

Another key to a great practice location is staying on top of ever-changing demographics. Is the population declining or growing? In many cases, it’s easiest to gain traction in newer communities than tight, well-established locales. Pay attention to numerous demographics including household income averages, age distribution, the types of jobs and population growth.

Look Around You

The most successful practice locations are often those surrounded by other popular things. What else is located within 5 miles of your potential practice location? Are there banks or grocery stores? What traffic patterns are there? In general, a location that is passed by 40,000 or more cars in a 24-hour period is considered to be a retail location. If you set up shop in a smaller town, you might have higher visibility thanks to less roadside clutter, but you also won’t have access to as many potential patients.

Partner with Vetters Enterprises for a Great Practice Location

Vetters Enterprises specializes in practice management, private practice business support and revenue cycle optimization. We can perform in-depth assessments of your practice or facility and identify potential issues. Let us keep your business as healthy as you keep your patients! Give us a call at (443) 352-0088.

3 Ways to Increase Patient Satisfaction

Posted on by VettersEnt

Maintaining high levels of patient satisfaction isn’t easy, and it can be frustrating hearing negative responses on patient surveys despite your efforts to offer a great experience. Behaviors like empathetic communication can raise patient satisfaction and improve actual clinical outcomes for medical problems including diabetes and the flu. Here are three ways that your practice can increase patient satisfaction.

Improve the Waiting Process Before the Appointment

How can you streamline the waiting process?

  • Provide things to do in the waiting room, like free Wi-Fi or tablets pre-loaded with magazines and books. Unoccupied time will always feel longer than productive wait time.
  • Get patients checked in as quickly as possible, as they are more patient once their basic information has been taken and they feel that they are being taken care of.
  • Always tell patients what amount of time they should expect to wait. Unexplained, uncertain wait times will lead to higher amounts of anxiety and frustration.
  • Provide an excellent amount of quality once patients get into their appointment. Great appointments can offset a long wait.

Spend Time with Your Patients

Most doctors will hear this advice and wonder how they can possibly spend more time with their patients amidst a packed schedule and piles of paperwork. The most satisfied patients have one thing in common—their visit felt like it was long because all of their questions were answered and they didn’t feel rushed. Your practice can make up for lengthy wait times by sitting down and chatting with patients instead of brusquely going through the motions. In one study, 52% of patients preferred a doctor who sat when talking to them, and they perceived that seated visits were 25% longer.

Communicate with Precision

Finally, you should always be clear with patients about their situation. If a patient comes to you with a cold, instead of merely diagnosing it and sending them out the door, go through a timeline of what they should expect from their symptoms. Offer patients an explanation of what they can expect and what to do if things don’t improve. Patients often have an idea of what is wrong and they come to your office for expertise, not just a one-word diagnosis. 

Increase Patient Satisfaction with Vetters Enterprises

Vetters Enterprises specializes in practice management, private practice business support and revenue cycle optimization. We can perform in-depth assessments of your practice or facility and identify potential issues. Let us keep your business as healthy as you keep your patients! Give us a call at (443) 352-0088.

PARTY TIME!!

Posted on by VettersEnt

So I moved into my own officeclose-up-of-explosion-of-champagne-bottle-cork2 on October 1, 2016!  It’s amazing to believe that only 3.5 years ago I was scared as hell to be leaving Corporate America and embarking on this new journey.  I had no confidence, no marketing ability, and really no idea if I could actually make it in my chosen field.  So I took steps to ensure success.  I joined a networking group and got over my fear of meeting other business professionals.  I found a business coach who showed me that it is OK if someone doesn’t want what I have to offer, move on to the next potential client.  He also showed me that there is a “negative voice” inside that needs to be pushed out and never listened to.  I also surrounded myself with others who complemented my skills with theirs and together we bounced ideas off each other, supported each other and made each other’s business grow as a result.  Most importantly my confidence in what I could do, make and achieve for myself exploded.   Now I’m celebrating my success as a result of relentless perseverance and shear will.

So for any of you who have beaten yourself up in a cube for several years because it only seems like you can get so far.  Or lost that promotion you were sure to have gotten to someone else who clearly was a chump and didn’t know anything about the project.  Or stuck up for what was right only to have it overturned by the “powers that be” because it was all about the MONEY.  Or most importantly, got downsized and left to pick up the pieces and send your resume to every job on Monster, Career Builder, and even Craigslist, just to be told you are too qualified, too old, or too whatever their excuse may be.  Find your WHY and get out there and do it.  Take the chance, drain your 401K to finance it, you only have one life to live so make it the best life you can possibly live.  Enjoy, hell love, what you do for the first time in your life.  If it works, it will be all you and no one else can take it away from you.  If it fails, start over, don’t ever give up.  To quote Thomas Edison “I have not FAILED, I just found 10,000 ways how not make a light bulb”.  Make your light bulb.

Thinking of starting your own practice?

Posted on by VettersEnt

With over 70% of hospital employees getting out and getting back into private practice whether they have done it before or doing it for the first time this article has the top 5 things we recommend our providers do before starting out on their own.  They don’t teach you this in med school!

http://www.kareo.com/gettingpaid/2014/09/the-5-first-steps-to-start-a-new-medicalpractice/

Now of course we recommend outsourcing as many activities as you can, and we can help you with cost effective solutions and personal service that a national company can’t compete with.  Please consider us as a source to help you in improving your reimbursement and gaining efficiencies in your office!