An inforMD by Privia blog series, “Population Health & You,” brought to you by Rick Foerster (VP, Population Health, Privia Health) The system of reimbursement is slowly but surely shifting away from fee-for-service and closer to value-based care, making preventative medicine with its low-cost and high-quality care critical to long-term financial success for independent physicians. …
More: Practice Management
Clunky technology and administrative hassles force providers to exert herculean energy to discover basic data about their practices. How many diabetics do you treat at your practice? How many non-smokers? What about patients with more than one chronic illness? Understanding the nuances of your patient population is important to you because you care about the …
If you feel like you’re spending more waking hours with your electronic health record (EHR) than with your significant other, you’re probably right. According to the American Medical Association, family physicians spend an average of 5.9 hours (out of an 11.4-hour workday) in their EHR documenting notes and completing tasks. Given the amount of time …
CVS Health and Aetna rang in the New Year with a massive $69 billion merger, a healthcare deal that is being recognized as the largest of its kind in history, surpassing Express Scripts’ $29 billion acquisition of Medco in 2012. It’s also being heralded as the merger that might change healthcare as we know it, …
How can your practice maintain a steady stream of cash month-over-month? In this month’s Peak Practice Performance blog series, we will discuss several key strategies that will assist you in collecting every dollar and saving a penny or two, by investigating how the five areas of performance impact your practice metrics. Last month, we discussed …
As the Manager of Clinical Pharmacy Services, I promote clinically appropriate, evidenced-based therapies for prescribing quality medication use and cost savings to Privia Medical Group Physicians. It’s just one of the many ways that Privia removes burdens from our physicians so they can focus on providing quality care to their patients. Pharmacy costs are …
A second-year medical student participates in a study examining the correlation between patient loneliness and lack of primary care visits. The findings underscore the need for investments in research on social determinants of health and value-based medicine. A recent study, conducted in part by one of Privia’s own physicians, Dr. Alex Krist, and researchers at …
Growing up the son of grocers taught me a lot about running a small business. In my family’s Washington, D.C. mom-and-pop convenience store, generating revenue was usually a straightforward endeavor. I started stocking shelves at the age of five. By my late teens, I was managing the store. I quickly learned that if the distributor …
Busy provider looking for healthcare news? Check out The Rundown. U.S. Healthcare Spending Growth Slows According to a new Reuters report, growth in healthcare spending slowed in 2016 due to a slower health insurance enrollment growth. Healthcare spending grew 4.3% in 2016, to a total of $3.3 trillion dollars, compared to 5.8% growth in 2015. Out-of-pocket …
Has your cash flow weakened over the last few quarters? As we approach the holidays and the end of the year, many practices notice a decline in revenues. Even if your cash flows are good, you may be wondering how your practice can maintain a steady stream of cash month over month. In this Peak Practice Performance …