Big data. Cloud computing. Machine learning. Artificial intelligence. It’s hard to go a week without reading some technology news headline with one of these buzzwords. But what does it all mean? One thing is for certain. Technology today is allowing us to analyze and learn more from our data than ever before. This is exciting […]
Why Your Patients No-Show and What to Do About It
No-shows do more than just waste your time. They’re costing you money. One popular estimate I’ve found pegs the average cost of no-shows in the healthcare industry at $150 billion annually. Another stat breaks that figure down to $150-200 in lost revenue per missed appointment for primary care physicians. Money statistics aside, no-shows are a […]
What Your Healthcare Practice Can Learn From High Speed Manufacturing
1,000,000 Dishwashers I visited Tyler at the manufacturing plant that he worked. I was amazed at the amount of dishwashers they produced – over 15,000 dishwashers every single day. Running 24 hours a day, 5 days a week, it was a typical high speed manufacturing environment that was capable of shipping over 1,000,000 dishwashers every […]
Having Respect for Patients During the Collection Process
Collection has become more important in recent years as insurers are moving to shift more costs to patients in the form of deductibles, co-pays, and implementation of Health Savings plans. Because of this shift, your accounts receivable (AR) process must be effective in order to maintain a healthy cash flow. An effective accounts receivable process […]
Assess and Measure Your Hygiene Department (#012)
Mary Miller joins the team to talk about how we can improve the productivity of our hygiene department.
Establish Benchmarks to Improve Your Bottom Line
7 metrics that will help you manage your business more effectively.