As the healthcare landscape continues to evolve, the U.S. Department of Health and Human Services (HHS) is implementing a major overhaul of the Health Insurance Portability and Accountability Act (HIPAA) in 2025. These changes reflect shifting priorities in data...
MKR Blog
How Independent Healthcare Practices Can Overcome Payment Challenges and Maximize Revenue
Independent healthcare practices face a range of challenges in managing payments and maximizing revenue, but recent developments in patient expectations and legislation provide fresh challenges and opportunities. Here’s how independent practices can leverage these...
After Ascension’s Cyberattack: How Healthcare Practices Can Improve Cybersecurity
The cyberattack on Ascension serves as a reminder of the vulnerabilities within the healthcare industry as well as the importance of taking proactive measures to safeguard against threats. By prioritizing regular security audits, comprehensive employee training, incident response plans, and strong backup systems, healthcare practices can stay ahead of future attacks.
How Healthcare Practices Can Overcome Common Challenges with Electronic Health Record (EHR) Implementation
Electronic Health Records (EHR) deliver enhanced efficiency, improved patient care, and streamlined workflows. However, the implementation of EHR systems is complex and challenging. In this article, we explore common challenges faced during EHR implementation and...
How to Improve Your Healthcare Practice’s Revenue Cycle for Efficiency and Profitability
Medical practices face the dual challenge of providing quality patient care while ensuring financial sustainability. Optimizing revenue cycle management – the series of processes that manage patient billing, insurance claims, and revenue collection – is a key...
How Your Healthcare Practice Can Maximize Point of Service Collections
Healthcare practices rely on prompt payment for provided services to maintain financial health of their business. Point of service collections refer to the process of collecting credit card or cash payments at the time of service, rather than going through a billing...
Why Your Healthcare Practice Should Offer Flexible Patient Payment Options
Medical debt in the United States outpaces student loans, auto loans, and credit card debt. And with more financial responsibility falling on the patient than ever before, healthcare practices are being forced to come up with new ways to collect money owed — for...
Why Health Practices Should Implement a Team-Based Care Model to Optimize Telemedicine and Streamline Efficiencies
The Covid-19 pandemic propelled the healthcare industry into telemedicine almost overnight. Now, more than two years later, doctors and health care practices and organizations are able to take a breath and consider how to optimize virtual visits for patients and...
How the Consolidated Appropriations Act Will Change the Way Americans Shop for Healthcare
The Consolidated Appropriations Act (CAA) was signed into law in late December, 2020 under former President Trump. It tackles multiple long-debated healthcare policies. The law stipulates new regulations that will require providers, insurers, and employers to provide...
The Policy Option that Could Have the Most Impact on Reducing Annual Hospital Spending
Escalating healthcare costs have been problematic in the U.S. for a long time. A range of proposals have been presented in an effort to undertake the issue, including single-payer healthcare and more free market solutions with a goal of boosting competition. RAND...
2025 Construction Trends That Will Impact Your Business’s Bottom Line
As we move through 2025, construction businesses are navigating a mix of challenges and fresh opportunities. A steady economic rebound, higher levels of government investment, and rising demand for infrastructure, housing, and commercial development are driving growth...
Smart Money Moves to Make While Interest Rates Remain High
As the Federal Reserve continues to hold interest rates at elevated levels to combat inflation, consumers face both challenges and opportunities. While borrowing has become more expensive, savers can take advantage of higher yields and rethink their spending habits....
Tax Pitfalls of Venmo, PayPal, and CashApp: What the IRS Wants You to Know in 2025
If you use Venmo, PayPal, or CashApp to accept payments for freelance work, side gigs, or online sales, you’ll want to pay close attention to this year’s tax changes. New tax rules are making it harder to fly under the radar, even if you only earn a few thousand...
Rethinking Retirement: Why More Americans Are Turning to Roth Accounts Amid Market Volatility
As markets continue to experience turbulence driven by renewed tariffs, trade tensions, and global uncertainty, you might be rethinking how you save for retirement. One increasingly popular strategy is converting traditional retirement savings into Roth accounts....
2025 HIPAA Overhaul: How Healthcare Practices Can Navigate the Coming Changes to Stay Compliant
As the healthcare landscape continues to evolve, the U.S. Department of Health and Human Services (HHS) is implementing a major overhaul of the Health Insurance Portability and Accountability Act (HIPAA) in 2025. These changes reflect shifting priorities in data...
SBA Launches New Initiative to Accelerate Small Business Growth and Revitalize U.S. Manufacturing
The U.S. Small Business Administration (SBA) has introduced a new program as part of its 'Made in America' initiative to boost domestic manufacturing and help small businesses expand. The initiative focuses on two critical areas: cutting regulatory red tape and...
Professional Services Trends 2025: How AI and Automation Are Driving Profitability and Growth
The professional services industry is undergoing a significant transformation in 2025, driven by rapid advancements in AI and automation. As firms seek greater efficiency, enhanced decision-making, and improved client service, AI-powered solutions are reshaping how...
Missed Quarterly Tax Payments? How to Avoid Penalties and Fix Your Situation Now
If you're self-employed or earn income without tax withholding, you’re likely required to pay quarterly estimated taxes. Missing these payments can result in penalties and interest charges from the IRS, but don’t panic—you have options to correct the situation and...
Smart Ways to Use Your Tax Refund: Boost Savings, Pay off Debt, and Strengthen Your Finances
What you choose to do with your tax refund can significantly impact your long-term financial health. Instead of splurging, consider using this extra cash to strengthen your finances. Smart strategies, such as building an emergency fund, paying off high-interest debt,...
Retirees Need to Know About These Major Updates to Medicare in 2025
Medicare is undergoing significant changes in 2025, impacting costs, prescription drug coverage, telehealth access, and caregiver support. Retirees should prepare for these updates to manage their healthcare expenses effectively. Below, we break down the key Medicare...