At Physician Factor, we're passionate about supporting the knowledge transfer and shared expertise among physicians to drive improvements across healthcare, as well as career development. Here we spotlight news and trends of interest to physicians in our network.
What is Physician Factor? This knowledge exchange network is a dedicated portal for physicians seeking opportunities to contribute their expertise and input in exchange for compensation and supplemental income.
How Physicians can Save Money Amid Rising Interest Rates
Healthcare providers know that no two cases of the same disease are alike. They may share some similarities, but the human immune response hinges on an innumerable amount of variables. The economy is similar.
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3 Growth Strategies for Healthcare Providers in 2022
The healthcare sector has always been one of constant change, regularly experiencing technological, policy, and practice transformation. But the level of uncertainty and complexity since the pandemic hit has put understanding how the business of healthcare has changed on life support.
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Marketing Tips for your Medical Practice
Marketing a practice wasn’t likely part of your medical education but being able to market yourself is an important part of running any business. Beyond traditional advertising there are other ways you can market your practice and connect with your patients, potential patients, and colleagues.
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How your Payment Process Impacts the Patient Experience
More and more providers have experienced diminished returns as patient payments languish due to outdated, ineffective communication methods which do not meet today’s patient expectations.
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How Physicians Can Achieve an Optimal Contract
Contract negotiations can be a source of stress for both new and veteran physicians. Although many physicians zero in on monetary compensation, it is not the only element to consider in optimizing the benefits of a contract.
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Treating Patients who are in Denial
In inpatient settings, the medicine or surgery teams often consult psychiatry when patient denial becomes a barrier to care. In an outpatient setting, patients in denial are more likely to miss appointments and experience poor clinical outcomes, as well as struggle with polypharmacy and repeat hospitalizations.
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Physician Documentation is a Different Problem than you Think it is
Ambient scribing solutions are technical marvels, but in the end, don’t address the root problem of physician documentation. The fundamental goal is to provide an easier way for physicians to take the mental model in their head and put it into the patient’s digital file.
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How do we end Healthcare Supply Shortages?
In June 2022, even basic necessities such as 10% dextrose injection, lidocaine hydrochloride topical jelly, and 0.9% sodium chloride irrigation made the list of drugs in short supply. How do we keep the US healthcare system supplied? The solution starts with building more resilient healthcare supply chains—no simple or quick task.
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The Best Tax Strategies for Your Business
Running a medical practice usually means high income. Of course, that also implies more significant tax obligations. The truth is, although your taxes may be quite high, medical practices have many legal tax-reduction strategies available to them. Learn about some of the ways you can approach your medical practice’s taxes going forward.
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Making the Most Out of Limited Staff Resources and Optimizing Bottom-line Performance with Effective Intelligence
Healthcare organizations face a significant challenge: unprecedented shortages of qualified billing staff and stiff competition on the recruitment front. Consequently, executives must not only achieve more with revenue cycle processes but must also have attractive systems in place that appeal to new hires and support staff retention for the long-term.
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Contact us today by calling 888-400-1573 ext. 812 or complete the form below to be contacted by a representative.