Practices are stuck in the middle of the global phenomenon of COVID-19. This has not only changed how clinics can handle patients and the precautions required for safety and protection, but it’s transforming how they think managing financials to reduce risk and maintain operations.
Having visibility into financials is paramount to managing a practice during periods of volatility. Many practices have pivoted from quick, reactive actions to factoring in medium- to long-term financial projections. It’s here where technology can play a tremendous role, and a platform like RetinaOS can provide better financial tools and insights to manage your practice through these times and emerge in a more favorable position.
HOW CAN RETINAOS HELP?
RetinaOS gives you the financial tools and insights you need. Just in Time Inventory helps you to manage cashflow, while the Reconciliation and Drug Vial Life Cycle dashboards help you to ensure correct billing and efficient payments. The cloud-based platform can be accessed from anywhere and helps doctors focus less on operations and more on patient care.
Cashflow Management
As patient loads are changing, practices need more agility to keep the right inventory on-hand to handle patient demand without wasting any vials.
RetinaInventory’s Just-In-Time Inventory dashboard makes it easy to track future appointments and current inventory. With RetinaInventory, practices can stop ordering drugs based on static mix/max levels and adjust ordering to actual forecasted practice volume. This is especially critical now as your practice adjusts patient scheduling based on continuously changing COVID guidelines and regulations.
Billing & Reimbursements
As payers are taking longer to process claims, practices need the best tools to ensure their bills are being submitted correctly the first time.
Drug Reconciliation and Drug Vial Lifecycle dashboards help practices submit claims and speed reimbursement by ensuring accuracy. As payers struggle to process claims, put yours are at the front of the line by ensuring they are being submitted correctly.
Once submitted, easily identify the claims that are most valuable for follow-up so that the efforts of your staff have the highest impact on your practice.
Remote Workforce Effectiveness
As a cloud-based platform, RetinaInventory is always-on and available everywhere, which allows practice staff to continue managing financials from home. The highly intuitive user experience is easy to navigate from any desktop or tablet, even when staff levels have been reduced and new users need to be onboarded quickly.
As COVID-19 continues to challenge retina practices and their patients, it will become more critical to handle financial and inventory operations efficiently and effectively. Given that most practices are operating with reduced staff, changing patient loads, and increased scrutiny over financial reporting, operational staff need solutions like RetinaInventory to speed reimbursement, proactively manage inventory, and support remote teams.
WE’RE HERE FOR YOU
As COVID-19 continues to challenge retina practices and their patients, it will become more critical to handle financial and inventory operations efficiently and effectively. Given that most practices are operating with reduced staff, changing patient loads, and increased scrutiny over financial reporting, operational staff need solutions like RetinaInventory to speed reimbursement, proactively manage inventory, and support remote teams.
We know that our members are facing unprecedented challenges and are making decisions day-by-day about the best steps to take for their patients and staff. If you do decide that moving ahead with RetinaOS is right for your practice, we want you to know that we’ll continue to be here to help with your transition, by providing go-live implementations remotely and providing you with all the support you need to move forward.
Learn more about RetinaOS, or contact us to sign-up for RetinaOS.