Medical Practice Management
Jul 23

Physician Panic

How does a physician define “panic”? – When his or her take home pay begins to go down. Unfortunately for many physicians, this is becoming commonplace. The real tragedy is how doctors are recacting to this.

Most reactions are “knew-jerk” in nature. As a way to get incomes up, let’s cut overhead to the bone to the point where it is actually hurting the practice; let’s blame management (which in some cases should be done); let’s blame other physicians in the group.

Doctor: look yourself in the mirror. Are you making decisions that need to be made? Are these decisions just a way to prop up profits in the short term but hurting the practice in the long term? Are unproductive physicians being mentoring or in some cases dealt with?

As I said in a prior post to this blog, leadership (both personally and professionaly) is vital.

My question to all physicians is this: Are you doing today what it takes to make the YOU and your practice the BEST it can be?

THINK ABOUT IT.

p.s. Sometimes confrontation is a good thing……….

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →