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Category: Revenue Cycle Management

How to Perform a Competitive Analysis SWOT for your Holistic Medicine Practice

A competitive analysis SWOT (Strengths, Weaknesses, Opportunities, Threats) is a strategic tool that helps businesses understand their competitive landscape and identify key focus areas to improve their overall performance. As the holistic medicine industry continues to grow and evolve, it is crucial for holistic medicine practices to regularly conduct a competitive analysis SWOT to stay […]

Creating a Buyer Persona for an Acupuncture Practice Focusing on Integrative Healthcare

Integrative healthcare is a growing trend in the healthcare industry as more people seek holistic and natural solutions to their health problems. One of the most popular integrative healthcare practices is acupuncture, which has been used for thousands of years to treat various health conditions. As an acupuncture practice focusing on integrative healthcare, it is […]

Developing a social media medical strategy for your holistic medicine practice

Developing a social media medical strategy for your holistic practice can be valuable for connecting with your patients, building trust, and promoting your services. However, knowing where to start with social media platforms can take some work. This blog post will discuss the pros and cons of various social media platforms and provide tips for […]

Projecting cash flow in a medical practice

Cash flow is the amount of cash a business generates and uses in a given period. Understanding cash flow as part of your business plan is essential to ensure that the practice has enough money to pay its bills and invest in its future growth. Projecting cash flow in a medical practice can be daunting, […]

How to establish a business plan for your holistic practice

Opening a holistic healthcare practice is an exciting and challenging endeavor that requires careful planning and preparation. A business plan is a critical tool that can help you to organize your thoughts, set goals, and create a roadmap for your practice's success. In this blog post, we will discuss the steps on how to establish […]

Tips for opening your first practice

Opening a holistic medicine practice can be a rewarding and fulfilling experience, but it is also a significant financial investment. As a healthcare consultant, I want to share some critical business advice and tips for opening your first practice. First and foremost, it is essential to have a clear and comprehensive business plan in place […]

New for 2023: Acupuncture CPT Codes for Medical Billing

  Did you know that roughly 30% of medical billing claims are rejected? That’s a significant chunk of your overall healthcare revenue cycle that will cost you in the short and long run. These claims might be rejected for a few reasons – a key one which is inaccurate coding. That’s why it’s essential for […]

Revenue Cycle Management: Medical Billing Vs. Accounting

Your holistic practice’s longevity and financial success depends on how efficiently and effectively you can manage your revenue cycle. Without ensuring this key component of your strategy is running smoothly, you’ll be struggling to keep your practice in the green. A comprehensive revenue cycle management strategy can really transform your holistic practice and help chart […]

How to Write a Patient Care Policy (+ Why Your Practice Needs One)

Ever heard of a patient care policy? If not, you might be wondering if your holistic practice needs one or how to write one for your practice and with so many different kinds of business writing for your practice, it can be easy to overlook one. First, let’s define patient care–this term broadly includes the […]

Payer Reimbursements & Your Holistic Practice

As you know, there are countless healthcare KPIs (key performance indicators) to review, to monitor over time, and to create goals for improving. We know that the process of pulling reports on so many different KPIs can be overwhelming and confusing, which ultimately makes the process ineffective. That’s why we love to write various articles […]

How to Manage Your Holistic Practice's Online Reputation

In this day and age, nearly everything lives on the internet and it’s no secret that it’s an essential component of life, both personal and professional. The internet is an endless source of information and can positively or negatively impact your holistic practice, depending on your practice’s online reputation. As potential clients turn to the […]

Gain Insight Into the Performance of Your Practice With These Healthcare Benchmarking Tips

There are so many things that are part of the day-to-day of any medical practice. Scheduling, appointment reminders, credentialing providers, patient intake, managing electronic health records, billing, claims processing, appealing rejected claims, ordering PPE and other supplies, disposing of hazardous waste, patient follow up. It can often feel like a hamster wheel, with everyone balancing […]

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