Empowering medical practices with top-quality electronic health records, practice management software, and cloud-hosting solutions
Providing medical practices with top-tier electronic health records, seamless practice management software, and reliable cloud-hosting solutions—because running a healthcare practice is complicated enough without battling outdated systems.
Serving Clients Nationwide
Running a private medical practice can be challenging. Many physicians are stretched thin, balancing the desire to provide high-quality, personalized care with the financial realities of running a small to medium size business. Most physicians feel the pressure to see more patients just to keep up with rising costs, but that can lead to burnout and decreased patient satisfaction. Fortunately, there’s a way to enhance patient care and generate additional revenue without adding more appointments to an already packed schedule. Chronic Care Management (CCM) offers a sustainable solution—improving patient outcomes while providing much-needed financial relief to private practices.
CCM is a program initiated by the Centers for Medicare & Medicaid Services (CMS). It is designed to support Medicare patients with multiple chronic conditions. It involves comprehensive care coordination, including regular check-ins, personalized care plans, and 24/7 access to healthcare professionals. For private practices, CCM gives a chance to support patients continuously between visits. This improves health outcomes and increases patient satisfaction.
Integrating CCM into your practice can lead to significant financial advantages:
Increased Revenue: Medicare reimburses approximately $62 per patient per month for 20 minutes of CCM services. For practices with a substantial number of eligible patients, this can result in a notable revenue increase.
Cost Savings: A study by Mathematica Policy Research found that CCM services reduced total monthly expenditures by $74 per patient. This reduction occurred over an 18-month period. It was primarily due to decreased hospital admissions and emergency department visits.
Profit Margins: Practices have reported net profit margins ranging from 20% to 30% from CCM programs. This highlights its potential as a lucrative addition to traditional practice revenue streams.
To successfully integrate CCM, consider the following steps:
While the benefits are clear, some practices may face challenges in implementing CCM, such as:
Embracing Chronic Care Management allows private physician practices to improve patient care while generating additional revenue without increasing patient load. By investing in CCM, practices can achieve better health outcomes for their patients. They can also ensure financial sustainability in a competitive healthcare environment.
Call us at 502-538-4665 or email sales@sunrize.com to speak to someone from our sales team!
Serving clients nationwide, Sunrise Services, LLC specializes in RCM solutions, practice management, BillFlash, and more. We strive to match competitor rates and offer same or next-day services with a white-glove level of care. Call us today for details!
Serving Clients Nationwide
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