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Practicing medicine has ceased being just about patient care. It means dealing with insurance companies and getting paid correctly in a timely manner. It means taking care of employee needs and meeting payroll. It means being on top of daily workflow for efficient operations. It means ensuring that your practice is compliant with changing regulations. It means being on top of changing coding guidelines. It means making technology decisions with incomplete information. It means managing finances and tracking cash flow for the survival of your practice.
It simply means, a lot less time for your patients.
Physicians tell us all the time: "I went to medical school to practice medicine, not to run business." While insurance companies hire management consultants and accountants with the objective of increasing their shareholder value (which also implies making lesser and/ or delayed payouts), physicians continue to struggle to get paid for the work that they did weeks or months ago. Given changes in the market and in healthcare reform, physician reimbursements are on the decline. However, costs continue to rise. There's even a mandate to purchase electronic medical records, albeit with incentives.
NextServices focuses on the needs of solo practitioners - particularly, specialists - to manage their business so that they can focus on patients. We enable seamless healthcare delivery, which we define as helping specialists see patients, manage their practice and get reimbursed correctly. When we come to a practice, we bring a vast amount of expertise in dealing with offices of specialist physicians. Just as physicians do, we consult and figure what's right for a practice. We then decide a course of action and take the next steps. Starting with how patients are scheduled to negotiating with insurances to processing your medical claims in record time - we become a reliable platform for your practice to run. Nationally, the revenue cycle (or the time taken for physicians to get paid from insurance companies) takes about 45 days. At NextServices, our clients get paid typically in 25 days - that's 44% better.
We believe in lean operations at a medical practice. We don't think it's a choice anymore. On one side, hospitals are acquiring smaller practices and encouraging physicians to get on their payroll. If a solo practitioner has to survive, s(he) has to think lean and cut out all unneeded areas of operations or outsource. Learn more about our solutions specific to solo specialists in this area.

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