Medical Practice Management
Jan 30

Physician new year resolution #6 and #7

I RESOLVE to hold a strategic planning retreat this year

This even applies to solo practitioners. Do you know where you want to be 3, 5, 10 years from now? Do you have a plan on how to get there? Are all physicians in agreement on how to get there? It shouldn’t take a rocket scientist to figure out that future success requires an awful lot of planning.

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.

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 →