The addition of ancillary services to your existing medical practice can help maximize profitability and serve your patients better. Patients prefer to have the convenience of getting medications at the medical clinic/office and having laboratory or diagnostic services done by the physician’s setup itself, rather than having to go to different places across town. Physicians providing patients with these added services are likely to see an increase in both revenues and patients.
One of the most frustrating aspects of mobile health applications offered by hospitals is the lack of required services that consumers want. Although, out of 100 of the largest US hospitals, 66 offer consumer mobile health apps; only 2% of patients are found to be using them. This coupled with the non availability of services that consumers want from their health apps,
The biggest problem in revenue cycle management for healthcare facilities is unpaid bills for medical services provided. The acquisition of medical debt leads to a detrimental impact on medical care provided by the healthcare facility and negatively affects the healthcare industry in general. There is a dire need to redesign the medical billing system to ensure shrinkage of bad debts,