2016 was a transitional year for Life Sciences, Pharma, and Biotech. Worldwide political changes upset long-standing systems that provided stability for the sector. At the same time, disruptive innovation weakened the power of huge companies to dominate these industry sectors. Despite these challenges, so many technologies are reaching the proverbial "critical mass" that we expect 2017 will be truly transformative. Here are 11 reasons that healthcare will change in 2017 - possibly forever: View full article by downloading attached PDF.
Added: May 24, 2017 - 8:20 PM / Views: 385
A successful marketing strategy is important for the growth, profits and patient retention at medical practices. Seismic shifts in the medical industry have made marketing ever important, especially with the proliferation of social media and other online advertising tools.
Added: September 16, 2014 - 12:03 PM / Views: 551
It’s no secret that the home care industry has been in a downward spiral for the past decade, primarily due to declining reimbursements and audits, among other obstacles. As a direct result, the number of providers has decreased, leading to larger and larger companies that can take advantage of economies of scale. Despite these concerns, demand has continued to rise as older citizens and people with disabilities want care in their own homes.
Added: May 24, 2017 - 8:27 PM / Views: 390
Business valuation should be based on qualitative and quantitative factors. Unfortunately, some valuators don't truly understand the qualitative nature of valuation. A such, CEOs, investors, and business owners often unwittingly rely on erroneous valuations. Any one of these five significant red flags should alert you to seek another opinion of value: View full article by downloading PDF attachment.
Added: May 24, 2017 - 8:12 PM / Views: 332
Owners of healthcare companies are accustomed to creating financial value by focusing on the traditional approaches of scope of services, client/patient capacity, and revenue streams via reimbursement yield and patient volume. While revenue growth and operational efficiency are key value drivers, neither addresses a critical value factor known as Company Specific Risk (CSR). Differences in CSR are the primary reason that some healthcare firms get top dollar when sold, while others receive only a fraction of their potential sale price. Here's what healthcare owners can do today to increase their financial value by decreasing their CSR:
Added: May 24, 2017 - 8:23 PM / Views: 321
The inauguration of President Trump has prompted concern among executives in the intellectually/developmentally disabled (I/DD) marketplace. What's going to happen next? What should companies do to protect themselves against reimbursement cuts and other potentially catastrophic changes? What's Going to Happen ...
Added: May 24, 2017 - 8:24 PM / Views: 260
At this point, only one thing is certain about TrumpCare: it's going to happen. But what will it look like? At this point nobody knows, probably including even Trump himself. Nevertheless, it's possible to read some "tea leaves" in Trump's appointments and the statements that he and his appointees have made in the past. Based on this, there are seven likely developments: View full article by downloading attached article.
Added: May 24, 2017 - 8:19 PM / Views: 268
As a physician, you are probably still learning the ins and outs of your electronic health records while trying to keep your billings at a sustainable level and struggling to meet the meaningful use requirements for your incentive funds. However, with all the new electronic devices in your office, can you truly say that you are HIPAA/HITECH compliant?
Added: May 16, 2014 - 6:31 AM / Views: 229
There is so much turmoil right now within the healthcare industry — the Affordable Care Act and its daily changes, HIPAA’s final rule(s) implementing the HITECH Act and on and on. From the first telephone contact with a patient to the storage of records, these issues touch various levels of every physician practice or facility, making it important for your administrative personnel to stay informed. Yet, many decisions are being made beyond your reach. One of my clients once gave me a great piece of advice … Don’t waste time or energy on those things you can’t control, instead invest both your time and energy in the things you can control. Here are some are some of those areas:
Added: May 16, 2014 - 5:59 AM / Views: 222
The IRS continues to warn taxpayers about telephone scams in which the callers, claiming to be with the IRS, threaten individuals with arrest, revocation of business or driver’s license, or, in the case of immigrants, deportation, if back taxes are not paid immediately. The scammers often ask for payment by credit card, prepaid debit card or wire transfer. The scammers are quite sophisticated and use some of the following techniques:
Added: May 16, 2014 - 6:29 AM / Views: 189