Valentine’s Day is here. This annual tradition is intended as a celebration of love. Because when you are in love, the whole world seems wonderful. The sun shines brighter. Flowers are more fragrant. Food even tastes better. When you are stuck in a bad relationship, however, it can turn your whole world upside down… and not in a good way.

The right Practice Management (PM) solution is a useful asset to any specialty practice, reducing administrative burdens, optimizing financial performance and enhancing patient care. The wrong solution, however, can be quite the opposite and lead to inefficiencies, process bottlenecks, redundant data entry, lost revenue and limitations to use. This is why, right from the start, it is crucial to do your research and properly vet all potential PM providers to be certain you select a solution that is best suited to the needs of your specialty practice.

In recent years, the ability to provide patients with better and more convenient online payment options has become much more of a necessity. In fact, one study found that 81 percent of consumers want their healthcare providers to provide more online payment options and that 71 percent want to be able to receive electronic statements from their providers. To remain competitive in today’s market, practices need to have a payments solution. More than that, they need to have the right payments solution for their needs.

While EHR and Practice Management solutions have become essential to practice success over the last decade, there are still practices that are not using fully integrated systems. Some practices are using a Practice Management solution while still relying on paper records. Others have EHR and Practice Management (EHR/PM) systems that are not seamlessly integrated because they come from different vendors.

We did it! We survived 2020! Hands down, 2020 was the toughest year (so far) of the twenty-first century. But we got through it. As we move into 2021, this is the time when many of us are making New Year’s resolutions. To help our readers commit to new initiatives for practice success in the coming year, this blog will suggest a number of useful New Year’s Resolutions for Specialty Practices.

In the few years prior to 2020, patient portal adoption among patients lagged in comparison to its level of adoption among healthcare providers. According to a 2017 GAO report, at that time, 87 percent of providers had implemented patient portals. However, only 30 percent of their patients accessed those portals. As it has been for other healthcare technologies, such as telehealth, the COVID-19 pandemic has also become a catalyst for more widespread portal adoption by patients.

According to a report from Grandview research, the market for patient engagement solutions is expected to grow by 4x between now and 2026, reaching $56.92 billion USD. Patient engagement has become increasingly important in recent years, driven by a number of factors. First and foremost, you have two young and tech-savvy generations (millennials and Gen Z) coming into adulthood and expecting more personalized online options from their care providers. At the other end of the generational spectrum, there is the last of a large aging population of baby boomers entering their later years, many of whom desire to “age in place” without losing the personal touch they’ve come to expect from their care providers. In response to the surging demand these factors have caused, the healthcare industry is experiencing a boom in patient engagement solutions.

Effective communication is a key component to the successful delivery of care. Without it, care quality is impaired. Since communication in a practice is essential to facilitating care delivery, patient satisfaction and the productivity of healthcare personnel—within all healthcare environments—there should be active communication between all members of a practice. However, some practices still struggle to communicate effectively with patients, thus preventing a smooth experience.