As a healthcare professional, you’re undoubtedly looking for ways to improve productivity in the midst of a turbulent environment. The industry-wide shift from volume-based care to value-based care means a system that is going through some radical changes.
It can be difficult to find a way to make the work flow easily and organize your work days enough to increase productivity; with these handy insights, you might be able to get back on track again.
New regulations: Adapt to them
The sector is subject to a constant shift in regulations and rules, which means that your staff needs to spend time on learning to adjust to their new environment. Some of these changes are reflected in new administrative processes that require attention; a few simple mistakes under new regulations could prove to be more costly than you expected.
New regulations equal a new payment structure, and you need to make sure that the productivity metrics matches this. Otherwise, it will be difficult to spot current issues with your productivity. The new value equation of healthcare means that it is the final outcome that’s measured – rather than the individual consultations.
You need to embrace a payment structure that rewards you for efficient outcomes, just like the new regulations would like you to do so that you’re not stuck with a structure that’s more suited to the way your sector used to be regulated. The bottom line is that the new payment structure won’t pay you to do the additional consultations or reward you for spending time on something that could be better spent elsewhere, as it is the final outcome that is measured. To become a more productive office, you need to adapt to this.
New Technologies: Purchase or outsource
One of the best ways to improve the productivity in an ever-changing landscape is to include technologies that make it easier to adapt. When they’re used the right way, you eliminate the risk of making costly mistakes, as well as saving you precious time on administrative tasks.
Beware of purchasing expensive software that requires a lot of time to understand and use correctly; not just because you risk spending more time and money on it that you would have without it, but also because the chances of making mistakes are much greater. Revenue cycle companies are able to provide you with fully trained professionals, as well as ensuring that no expensive mistakes are made. It costs more than to do it in-house, though, but remember to calculate the training expenses before you decide.
Here is a handy list of the best software for healthcare professionals in 2017, by the way, so you should have everything you need to make the right decision.
The healthcare sector is outsourcing like never before and with good reason. When in doubt, consider whether it’s more beneficial to either find a suitable and simple software, to train someone in your office to be up to date on the new regulations, or to just outsource the task to a third party. There are an amount of benefits and disadvantages to each alternative, and you know better than any which option suits you better.