Welcome!

Cloud Security Authors: Yeshim Deniz, Pat Romanski, Elizabeth White, Zakia Bouachraoui, Liz McMillan

News Feed Item

Creative Practice Solutions Publishes Five-part Video Series on Starting a Private Practice, Dispels Healthcare Reform Gloom and Doom

NEW YORK, Oct. 21, 2013 /PRNewswire/ -- At a time when both medical professionals and healthcare consumers are besieged by uncertainty, Creative Practice Solutions maintains that the fundamental challenges and opportunities of starting a private practice are for the most part unchanged. The Manhattan-based consulting firm has recently published an on-demand, educational video series (http://www.creativepracticesolutions.com/#!video/cnyl) for doctors who plan to launch their own business. Videos can be purchased individually or as a complete set.

The impetus behind the series is simple: Creative Practice Solutions understands that many doctors lack the business acumen to create a sustainable private practice. Moreover, attempting to "learn by doing" does a disservice to the consumer.

The educational video series covers all business-related aspects of starting and maintaining a private practice, giving doctors tips and strategies that will support both a strong brand identity and a healthy revenue stream. The complete list of video titles is as follows:

  • Part 1: Identity and Start Up Costs
  • Part 2: Finding and Managing Staff
  • Part 3: Billing and Extra Revenue
  • Part 4: Inside the Insurance Industry
  • Part 5: The Next Step, Groups and Marketing

Starting a new business is a risk, but recent healthcare legislation introduces a new element; the Affordable Care Act (ACA) is a shared source of anxiety among medical practitioners, insurance companies and consumers. However, the legislation does not go into full effect until 2014, and predictions about what may or may not happen are simply educated guesses at best, or, in the case of the gloomiest prognosticators, political posturing.

Where the ACA will have an impact is in the payor mix. In states that accepted the Medicaid expansion, doctors who see these patients will be in much greater demand. That can be seen as a positive outcome, so long as the practice can deal with that demand. At the same time, the number of people with private insurance plans will increase everywhere, thanks to state and federal health benefit exchanges and cost-sharing subsidies.

With an influx of newly insured healthcare consumers, many of whom will be eager to take advantage of their new benefits, smaller insurance carriers may feel pinched or even put out of business. Larger carriers will then shoulder higher administrative costs as demand goes up. In theory, costs will eventually come down, as younger and healthier people fill out the insurance risk pools. In the short term, however, private practices can expect to see their patients paying more for co-insurance and deductibles. Part 4: Inside the Insurance Industry provides an intricate view of the payor system, including a discussion of the ACA's effects on commercial insurance companies.

The first two years will be a proving ground for healthcare reform. Creative Practice Solutions believes that the worst that could happen would be: higher patient volume; more HMO-type plans; and more cost shifting to consumers. With a well-conceived coding and billing strategy in place, private practices can emerge from these changes relatively unscathed. Part 3 of the video series discusses how to maximize payments and even generate additional revenue, regardless of external conditions.

At the end of the day, Creative Practice Solutions is optimistic about the future of healthcare in America. More insured people will mean greater demand for healthcare and better health outcomes for everyone. Sound business strategies and robust compliance, as described in the firm's video series, will safeguard private practices against unexpected consequences of the ACA.

About Creative Practice Solutions

Creative Practice Solutions is a business consulting company geared towards Medical Professionals. With over 26 years' experience in Healthcare administration, they have improved the functioning, efficiency and collections of both private practice and outpatient hospital departments throughout New York City.  Their sister company, VGA Billing Services, Inc., collected over $14 Million for their clients in 2012.

www.creativepracticesolutions.com  
https://www.facebook.com/creativepracticesolutions 
Creative Practice Solutions 
153 West 27th Street, Suite 1101
New York, NY 10001

Read more news from Creative Practice Solutions.

SOURCE Creative Practice Solutions

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...