Main Street Medical Blog

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January 5, 2018

Competition in Healthcare Drives Down Cost

How increased competition in the healthcare market can have a positive impact on cost   In this latest series of posts, we are taking a look at the potential ramifications of an increase in competition in the healthcare market.  More practices and hospitals might sound like a bad thing if you are a healthcare professional, but in this post and those to follow, we’ll look at how competition can actually be a good thing.  In this post specifically, let’s look into how competition can actually help to drive down the cost of healthcare, making it more affordable for patient and practitioner alike.   When competition increases in any market, and the healthcare market is no different, companies and organizations need […]

December 15, 2017

Inspiring a Higher Quality of Care

Through Increased Competition in the Healthcare Industry In our last post we highlighted a series of blog posts, that will focus on the upside of the increasing amount of competition in the healthcare industry.  The changes started with MACRA and we are bound to see more, as CMS works to increase the quality of care provided in the United States, while driving down the cost.  One way to do so, is to inspire competition – and let the market drive changes itself (like in many other industries).   How will Competition increase the quality of care provided? Let’s think about it in terms of a tangible product, like a car.  When there are only one or two car manufacturers in […]

December 8, 2017

Competition – Just What the Doctor Ordered

Increased Competition Brings Benefits to Healthcare With hospital mergers on the rise and more and more private practices seeking buyouts, the healthcare landscape looks a bit rough right now, and increased competition might seem like the last thing you or the healthcare industry needs; but it turns out, a bit of competition could be just what the doctor ordered.     In healthcare, like in almost every other industry, competition becomes a driving force for things that improve the overall quality of products or services, while driving down the prices through the creation of innovations, creativity and flexibility.  In this post, we’ll highlight some of the benefits that competition can create within the healthcare industry, and in following posts, we’ll […]

November 17, 2017

Revenue Cycle Management by the Numbers

A Look at Important KPIs for your Practice We talk a lot about managing your practice’s revenue cycle effectively and that Key Performance Indicators, or KPIs are needed to do so quite a bit.  In this post, we’ll take a closer look at which specific KPIs our experts and software helps you to track so that you can take the necessary steps to improve them.   Laying the Groundwork Before you can monitor and improve KPIs, you first need a method to track them.  There are different software options available for your practice, but Main Street Medical has selected and partnered with dashboardMD.  Our experts have researched and tested many different software tools and feel most confident in our client’s’ […]

November 14, 2017

Maintain Your Independence With Main Street Medical

Year over year, more and more doctors are losing the battle for independence, and joining up with a hospital or medical group in order to reverse the work/revenue balance.  But giving up your freedom as a doctor or practice, and becoming beholden to a larger entity, isn’t the only option.   Many doctors ultimately end up joining a hospital or medical group because they are working harder and longer, and making less money than their counterparts who have been absorbed by a larger entity.  Some argue that this is just a perception and that these doctors are not actually making more under a larger group – but one thing is becoming apparent, those who do, become beholden to the bottom […]

November 3, 2017

CMS Publishes Final Rule for 2018

For the Quality Payment Program On November Second, Centers for Medicare and Medicaid (CMS) published their final ruling for the Quality Payment Program (QPP) under MACRA for the year 2018, outlining changes that have been implemented to make participation more bearable.  The ruling achieves this through simplification of certain aspects of the program, and by reducing the burdens it has placed on clinicians.  The changes to “Year 2” of the QPP aim to transform 2018 into a second transitionary year, incrementally preparing clinicians for full participation in the year 2019. The Final Rule from CMS weighs in at 1,658 pages.  That’s a lot of reading to do in the little spare time that most clinicians have to implement the changes […]

October 20, 2017

MACRA’s Implementation Has Many Asking

Is MACRA a Threat to Revenue Cycle Management in 2018? With so much changing as a result of the MACRA legislation, many practices are wondering how they will manage to maintain their current revenue cycle management, let alone improve it.  With the new legislation comes new data to track and report, data that will be used to compare your practice with others in order to identify ways to improve healthcare.  Your practice’s ability to track these details will result in boon or bust; either earning positive or negative reimbursement payment rates, which will definitely impact your revenue cycle. The devil is definitely in the details when it comes to MACRA, but that doesn’t mean you have manage them alone.   […]

October 6, 2017

Don’t Fall Behind on MACRA Deadlines This Year

Avoid the Fear with These Simple Tips   As Halloween approaches, we know that the end of the year is also near.  This year is the first of mandatory compliance to avoid penalties in 2019.  Many practices and clinicians were under the impression that this year was still part of the grace period, and are panicking to learn that this isn’t so.  As a result, we keep hearing the question, “Is it too late?”.   The answer is no.  Just ask the Medical Group Management Association and their professionals.  Their Associate Director of Governmental Affairs, Suzanne Faulk, was recently interviewed, during which she gave a few simple tips on how you can comply before it’s too late.  To paraphrase her […]

September 22, 2017

Focusing on Physician Based APMS with Main Street Medical

Taking a closer look at Physician Focused APMs in MACRA One major concern, as we make the shift over to value based care and the new Alternative Payment Models (APMs) under MACRA, is that the current seven payment models aren’t enough to cover all of the different situations that individual private practices and hospital managed practices face.  CMS has heard this concern and considered it valid, creating a vehicle for practices to submit their own customized APMs for approval.   APMs for Physicians, By Physicians To see why physician created APMs are so important, let’s take a quick look at the current or existing Alternative Payment Models.  Below you’ll find the seven current models listed.  While they cover a wide […]

September 15, 2017

Is the changing landscape causing your practice to fall behind?

Tips to make sure the leaves are the only thing Falling this year Is your practice falling behind on its performance this year? With all of the changes happening across the field of medicine it can be hard to keep up and it’s no wonder that some practices are facing difficulty.  Main Street Medical wants to help you stop from falling further behind, and help you keep pace with high performing practices.  With the following tips and a bit of tech, you can make sure the only thing falling this season, are the leaves.   Let’s take a look at some of the hurdles that might have hurt your progress Regulatory Changes In 2017, many regulatory changes the stem from […]