Medical Practice Management
Dec 31

It’s That Time of Year Again – Part 5

Here are the last 2 – now get to work.

I RESOLVE to consider a practice merger   Consider a practice merger to eliminate duplicate overhead, to increase revenue, to possibly gain some leverage over the manage care payers, and to provide a transition strategy. These are just a few of the potential benefits. If done right, a practice merger can not only increase physician incomes, but maintain some of the autonomy most physician’s desire. 

Finally, I RESOLVE to hire the best people   Again, I want to emphasize the simple and honest fact that the better performing practices out there are the ones doing the best job at human resources. One way they do this is by hiring the best people they can, even if it costs a little more to do so.  This means strict attention must be paid to the hiring process. It is so easy to see how hiring really good people can turbo charge a practice almost overnight.

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 →