What a physician services organization can do for Orthopedic surgeons

by | Feb 14, 2023 | Blog | 0 comments

Managing a modern orthopedic practice is more challenging than ever. Administrative and compliance burdens balloon and become overwhelming, especially for providers who want to remain independent.

Independent practices must be clinically and financially strong to avoid being engulfed by large hospital systems or other corporate entities. That is where a partnership with TRIARQ Health can help. Read on to learn more.

Essential tools and services to help orthopedic surgeons manage their practices

TRIARQ Health works with orthopedic practices around the country, stepping in to take over onerous administrative tasks and reducing the burden on the office staff. To accomplish this, TRIARQ Health offers a comprehensive suite of tools and services that are essential for the success of independent orthopedic surgery practices.

EMR software and support

Documentation is vital to any medical practice, especially in surgical disciplines. While most modern practices have upgraded to electronic medical records, the technology isn’t always enough to keep up with the rapidly changing, increasingly competitive healthcare landscape — especially for orthopedic practices seeking to remain independent.

Orthopedic practices must keep modernizing their technology to meet the healthcare market’s demands. Early-generation EMR systems, for example, may lack the ability to have integrated care plans and data-driven decision support

TRIARQ Health provides comprehensive, cloud-based EMR software with advanced, built-in screening tools for HOOS and KOOS for pre-and post-surgical assessments. Providers can record, view, and manage patient records in one place. The EMR suite also includes features that automate key processes, including customizable notes, templates, and easy dictation recording. Best of all, TRIARQ’s EMR software is customizable to the needs of each practice’s workflow, so it is easy to implement and integrate into the existing patient flow.

IT solutions and practice management

As patients continue to become savvy consumers and demand convenience and more advanced technology, independent practices must upgrade their technology far beyond a simple piece of EMR software. Technology should be integrated into every stage of the patient journey, starting before they even walk in the door.

Many independent orthopedic practices are not equipped with the resources or funds to invest in large-scale solutions, so partnering with TRIARQ Health is the best way to provide a cost-effective package that includes benefits such as:

  • Patient portals
  • An appointment scheduler
  • A task manager
  • Customizable reporting
  • Monthly scorecards
  • Advanced billing code features

Payer management assistance

Prior authorization often puts significant strain on the office staff supporting orthopedic surgeons. Staff spend a great deal of time on the phone and submitting additional paperwork to combat denials and justify treatment. The average provider handles an average of 29 prior authorizations a week, consuming a combined 16 hours of provider and staff time.

TRIARQ health helps independent practices by providing expert prior authorization professionals to become an extension of the practice. These experts provide customized processes to streamline pre-authorization for orthopedic providers so they can focus on what’s important: providing their patients with high-quality care.

TRIARQ also offers medical credentialing services, assisting orthopedic practices with certification, attestation, and collecting essential insurance documents.

Financial assistance

Payments and receivables are one of the most crucial aspects of an orthopedic physician’s business. Ensuring that providers and staff get paid properly isn’t just a matter of goodwill: It’s federal law. Billing must be efficient and accurate to ensure timely payments. Mistakes can cause delays and other, more severe consequences.

As a provider services company, TRIARQ Health also improves the billing process by providing a comprehensive software solution that offers:

  • Patient payment tools: Help patients understand their bill and pay it quickly online, automating the payment process.
  • Dedicated collection teams: Follow up on overdue claims and implement assertive policies to receive payments.
  • Financial navigation tools: Set up patient payment plans so they can afford treatment and pay large bills over time.
  • Bi-annual record audits: Use an expert billing team to provide valuable insights that will help you maximize care and medical coding and ensure compliance.

TRIARQ Health also provides CMS Bundled Payments for Care Improvement-Advanced (BPCI-A) packages, working with practices closely to detail the savings they can experience by choosing TRIARQ Health as their convener.

These financial tools are an invaluable service for independent orthopedic practices that may struggle to keep up with all the intricacies of revenue cycle management.

TRIARQ Health offers an easy-to-use, comprehensive suite of high-quality tools and services that can help independent orthopedic practices streamline their processes, improve patient care, and increase profitability. Our combination of EMR, service line experts, practice management, and revenue cycle management coaching equips orthopedic practices with everything they need to thrive in today’s challenging healthcare industry.

We take pride in helping independent practices thrive and focus on what’s most important to them. Contact us today to see how we can help you modernize your independent practice.