Succession Planning Whether you are a solo practicing physician or a member in a larger group practice, it’s wise to begin thinking about succession planning. I have found in my consulting practice that many physicians seem to wait until the last minute to address the issue of succession. With … [Read more...]
Strategic Planning for Your Physician Practice – Where is Your Ship Headed?
The Physician Practice World is Full of Uncertainties We can't keep up with the regulations, audits, reimbursement changes, meaningful use stages, and so much more, so why would we want to plan? While it is true that there are uncertainties in our world, you can only operate in a reactive mode if … [Read more...]
Leadership Tips for Physician Practice Administrators and/or Managing Partners
The following qualities are a MUST have for the leadership in any organization, team, administrator or managing partner. The effect of the whole, or sole leader MUST be this: Be goal-driven; Have a passion for the profession; Understand the importance of teamwork as opposed to … [Read more...]
Optimum level of staff for a physician’s office
There’s no simple formula for staffing that one can apply to every practice because each specialty and each situation requires something different. It is very important to right-size your staffing. Understaffing can cause patient dissatisfaction, frustration, burnout and a staff exodus. … [Read more...]
How the Employer Credit for Family and Medical Leave Benefits Employers
This post focuses on educating employers about the employer credit for paid family and medical leave created by the Tax Cuts and Jobs Act passed last year. Employers may claim the credit based on wages paid to qualifying employees while they are on family and medical leave. Here are some facts … [Read more...]
If your physician office has less than 50 employees, here’s how ACA affects you
Most employers have fewer than 50 full-time employees or full-time equivalent employees and are not subject to the Affordable Care Act’s employer shared responsibility provision. If an employer has fewer than 50 full-time employees, including full-time equivalent employees, on average during the … [Read more...]