Another instance of an employee stealing patient copays in a medical practice. The following was excerted from an email I received: … [Read more...]
Growing a Medical Practice
A simple post today: Remember that growing a medical practice today is ALL ABOUT GROWING THE TOP LINE. … [Read more...]
Increasing Physician Productivity
The following was from a recent post to one of the MGMA listservs: I fully agree that once you have your fixed overhead covered it is good business to try to fill up the rest of your capacity with "lesser reimbursement" patients. Once those fixed expenses are met you just have variable … [Read more...]
Medical Practice Embezzlement #2
Physician just called and employees have been caught stealing patient copayments. I think this kind of behavior is rampant in medical practices because of a lack of continuous oversight and the lack of proper internal controls. … [Read more...]
Purchase of a Medical Practice
I am working with a doctor who recently purchased a medical practice from another physician. The selling physician insisted that the purchasing physician buy the stock of the medical practice corporation, which he did (the seller physician obviously wanted to maximize capital gain rates on the … [Read more...]
Newsletter for Physician Practices
Don't forget to sign up for my monthly electronic newsletter that is written only for physicians and physician medical practices. Go to http://www.envoyglobal.net/elawmarketing/tinsley/tinsleyform.htm to sign up. … [Read more...]