Priority Practice Management LLC

🤕 Who suffers the most from physician burnout? According to a survey of doctors by the American Medical Association, the astonishing rates of physician burnout seen in recent years is finally on the decline. However, the ongoing fight against burnout remains critical to sustain effective care delivery. The AMA surveyed physicians from 31 states across 81 different health systems, drawing over 12,400 responses. Key findings from the survey include: ▪ Physician burnout rate has dropped below 50% for the first time since the start of the COVID-19 pandemic ▪ Highest rates of burnout were found in emergency medicine, internal medicine, OBGYN, family medicine, pediatrics, and hospital medicine ▪ Time spent in a healthcare career is correlated with burnout risk ▪ More than 1 in 3 physicians consider leaving or reducing work hours based on burnout ▪ Almost 50% of physicians took only 3 weeks off or less in the last year ▪ Female physicians tend to have lower job satisfaction and more burnout than male physicians ▪ Physicians are increasingly burdened by "pajama time," taking personal time to meet EHR demands ▪ Burnout was reduced for physicians that chose to delegate and utilize teamwork ⚙ Burnt out from the administrative burdens of private practice? Priority Practice Management is here to relieve the pressure of managing your own physician practice. Learn more on our website ➡ https://lnkd.in/gpYmTyzz #PhysicianPractice #DoctorBurnout #HealthcarePractice #Health 🔗 Full article: https://lnkd.in/gEF9yZMp

🌐 Enhancing the Online Presence of your Private Practice Growing your private physician practice often takes more than simple marketing and a website. Dr. Daniel Choi, MD, a spinal surgeon and private practitioner, writes for the AMA on how you can promote your private practice by building up your overall web presence. Choi emphasizes that building a strong online presence for your private practice involves careful consideration of all front-facing elements to give a great first impression to potential patients. This starts with a logo: you don't need to break the bank, but ensure that your logo stands out and fits with your practice's themes. The second step is photography: having high-quality photos of the people and places involved in your private practice can help boost the professionalism and sleekness of its web presence. Lastly, online content such as videos and infographics can provide useful information to patients. 💡 Need help running the business side of your private physician practice? Priority Practice Management provides administrative management services to help you keep the focus on your patients. Learn more on our website ➡ https://lnkd.in/gpYmTyzz #PrivatePractice #PrivatePhysician #PhysicianPractice #Healthcare 📘 Full article: https://lnkd.in/g_NPJtZp

🔎 5 Ways to Optimize SEO for Your Private Practice As a private practice physician, improving your SEO and marketing skills are essential to stay competitive with bigger health organizations. With proper search engine optimization, you can increase your practice's visibility and attract a significant amount of new patients. Here are 5 key strategies to consider when trying to optimize your practice's search presence: 1️⃣ Local SEO: Refine your Google Business Profile to ensure your practice appears in local search results. This includes verifying contact information in Google Maps and local directories. 2️⃣ High-Quality Content: Create content on your website or social media platforms that addresses common health concerns related to your private practice. The content should be keyword-rich while staying accurate and informative. 3️⃣ On-site Optimization: Be sure that your website is mobile-friendly, easy to navigate, and loads quickly. Regularly maintaining your site is crucial to prevent performance issues. 4️⃣ Backlink Building: Increase the authority of your site by acquiring backlinks from reputable websites through guest blogs, collaborations, or academic references. 5️⃣ Reputation Management: Encourage satisfied patients to leave positive reviews, and actively respond to online reviews and questions to improve SEO. With proper implementation of these strategies, your practice can build a stronger online presence and climb the search engine rankings. Remember to be patient with SEO, as improvement doesn't happen overnight. 💡 Priority Practice Management is here to relieve the administrative burden of running your own private practice. Learn more about how we can help by visiting our website ➡ https://lnkd.in/gpYmTyzz #PrivatePractice #HealthcareSEO #PracticeManagement #PhysicianPractice 📘 Source: https://lnkd.in/ga7UvVqg

📰 Proposed Physician Payment Reforms to Support Private Practices In light of recent cuts to Medicare, over 50 state medical societies and 76 other healthcare organizations have told congressional leaders how they should approach future legislation to maintain the sustainability of private physician practices. Their letter suggests 4 keys to physician payment reform, raising concerns on how the lack of reforms could affect providers. The main proposed reforms include: 1. Annual Inflationary Payment Updates: The group advocates that the MPPS includes a permanent annual payment update that measures inflation in physician practice costs. 2. Provider Reimbursement Stability: They support the passing of the Provider Reimbursement Stability Act, which would prevent the conversion factor by shifting more than 2.5%/year among other reforms. 3. Quality Payment Program: The group recommends replacing parts of the Merit-Based Incentive Payment System with a "Data-Driven Performance Payment System." 4. Support for Alternative Payment Models: They urge for legislation to be passed that extends incentive payments for transitioning to Advanced APMs. With these reforms, private physician practices can feel more financially secure and sustainable, protect patient care access, and ensure quality care is being delivered. 💡 Priority Practice Management can help relieve the administrative burden of running your own private physician practice. Learn more on our website ➡ https://lnkd.in/gpYmTyzz #PrivatePractice #HealthcareProviders #PracticeManagement #PhysicianPractice 📔 Full Article: https://lnkd.in/gsYhZTvs

🧠 Behavioral Health in Private Physician Practices With a shortage of psychiatrists in the healthcare workforce, physicians running their own private practice may begin to worry that their patients' behavioral health needs are not being properly fulfilled. As there is a longstanding cultural stigma (and insurance) that separates physical health from mental health, patients often don't seek to address both at the same time. The American Medical Association created the Behavioral Health Integration Collaborative to seek ways to make typical healthcare settings more holistic and inclusive of all forms of health. Making behavioral health an integrated part of your private practice can help remove the stigma and meet every aspect of your patients' needs. 💡 Priority Practice Management can help relieve the administrative woes of your private physician practice so you can keep your attention on your patients. Learn more on our website ➡ https://lnkd.in/gpYmTyzz #PrivatePractice #PracticeManagement #BehavioralHealth #PhysicianPractice #Healthcare 📘 Full article: https://lnkd.in/gcVt8hNy

⛔ How to Manage Your Revenue Cycle in the Face of Denials Healthcare providers are facing more and more obstacles in revenue cycle management with rising costs, staffing shortages, and thin margins. On top of that, research has shown that denials of insurance claims have become a top concern for providers, with some organizations losing up to $2 million annually. Because of the burden this puts on administrative resources, providers can implement these strategies to address the challenges that come with denials, according to the Healthcare Financial Management Association: 1️⃣ Leverage advanced analytics to identify patterns and root causes of denials 2️⃣ Implement extensive training among revenue cycle teams to mitigate errors 3️⃣ Conduct regular audits to catch and correct any documentation or coding errors 4️⃣ Assess payer patterns to spot problematic payers and prevent future denials 💱 Need help managing your revenue cycle? Priority Practice Management provides administrative support to your private physician practice so you can keep your focus on your patients. Learn more on our website ➡ https://lnkd.in/gpYmTyzz #PrivatePractice #RevenueCycle #RevenueCycleManagement #PracticeManagement 📖 Full article: https://lnkd.in/gFrFMuE4

Exclusive AMA survey data shows continued gender gaps in physician burnout. Washington Permanente Medical Group shares what it is doing to help.

🚀 7 Ways to Boost Your Private Practice Private physician practices can face innumerable challenges when trying to grow. It's important to strengthen your practice to expand its reach and improve patient satisfaction. According to the American Medical Association, here are some insights that physicians should know when running a private practice: 1️⃣ Develop an Elevator Pitch: This can help improve recruiting by having a concise strategy that demonstrates your practice's ethos and environment. 2️⃣ Build Your Brand: You can do more than local advertisements by researching your market and identifying your marketable strengths. 3️⃣ Earn Staff Buy-In for Your Vision: Practice management experts claim that retaining employees takes more than compensation, but requires participation and understanding of your leadership vision. 4️⃣ Take Advantage of Team-Based Care: Organized teamwork and shared effort can reduce expenses and decrease physician burnout. 5️⃣ Have the Right Digital Footprint: Patients are likely to seek medical answers from the internet, so creating the right digital informational content can boost your visibility. 6️⃣ Understand Your Revenue Cycle: By getting a handle on your revenue cycle, you can increase patient satisfaction and improve your bottom line. 7️⃣ Streamline E/M Documentation: Reduce EHR note bloat so your can save time identifying proper patient information. 💡 Priority Practice Management can help relieve the administrative burden of running your private physician practice. Learn more about how we help on our website ➡ https://lnkd.in/gpYmTyzz #PrivatePractice #PhysicianPractice #PracticeManagement #Physician 📚 Source: https://lnkd.in/g8Qm292j

🚀 7 Ways to Boost Your Private Practice Private physician practices can face innumerable challenges when trying to grow. It's important to strengthen your practice to expand its reach and improve patient satisfaction. According to the American Medical Association, here are some insights that physicians should know when running a private practice: 1️⃣ Develop an Elevator Pitch: This can help improve recruiting by having a concise strategy that demonstrates your practice's ethos and environment. 2️⃣ Build Your Brand: You can do more than local advertisements by researching your market and identifying your marketable strengths. 3️⃣ Earn Staff Buy-In for Your Vision: Practice management experts claim that retaining employees takes more than compensation, but requires participation and understanding of your leadership vision. 4️⃣ Take Advantage of Team-Based Care: Organized teamwork and shared effort can reduce expenses and decrease physician burnout. 5️⃣ Have the Right Digital Footprint: Patients are likely to seek medical answers from the internet, so creating the right digital informational content can boost your visibility. 6️⃣ Understand Your Revenue Cycle: By getting a handle on your revenue cycle, you can increase patient satisfaction and improve your bottom line. 7️⃣ Streamline E/M Documentation: Reduce EHR note bloat so your can save time identifying proper patient information. 💡 Priority Practice Management can help relieve the administrative burden of running your private physician practice. Learn more about how we help on our website ➡ https://lnkd.in/gpYmTyzz #PrivatePractice #PhysicianPractice #PracticeManagement #Physician 📚 Source: https://lnkd.in/g8Qm292j

⚕ What to Know About Going Into Private Practice Many resident physicians these days only hear the negatives about going into private practice. This is shown in the data, as the amount of physicians in private practice has gone down almost 20% in the last 10 years. However, private practice still remains a perfectly viable route for resident physicians to take. Timothy M. Smith from the American Medical Association interviews Daniel E. Choi, MD where he explains what he wishes he knew about private practices when he was still a resident physician: 1️⃣ Having Control of the Day-to-Day: Choi states that being able to change something because you know it's good for patients is valuable. 2️⃣ Preventing Burnout: Private practices enable physicians to streamline their workload without going through any corporate red tape. 3️⃣ Eliminating the Need for Side Gigs: By properly leveraging the expertise you have as a physician, private practice can help pay off student debts. 4️⃣ Business Resources Aplenty: There's no shortage of help for how to start your private practice and grow it to be successful. 5️⃣ Hire a Lawyer Early On: Having legal counsel look over any contract and explaining to them that you're considering private practice can help make the decision easier and more realistic. 💡 Priority Practice Management allows you to focus on your patients by relieving the administrative burden of your private physician practice. Learn more on our website ➡ https://lnkd.in/gpYmTyzz #PhysicianPractice #ValueBasedCare #PrivatePractice #ResidentPhysician 📖 Full article: https://lnkd.in/eTH2ZUwg