Plan for a Profitable Medical Practice A successful medical practice no longer happens by chance. Profitable operations for any physician practice today demands planning, analysis, forethought, a defined direction and especially hands-on management. So here is a checklist to help you with your … [Read more...]
How to Keep Rock Star Employees From Leaving
Rock Star Employees Your physician practice rock star employees need some love. Here’s how to get started. Praise Them For a long time, the highest praise I could offer, in my mind, was a paycheck. Employees get paid every two weeks, so why do I have to say more? That mind-set led to lots of … [Read more...]
Three Marketing Ideas for a Physician Practice
Marketing the Physician Practice Marketing your physician practice effectively has become more important than ever before. With patients responsible for an increasing amount of their own medical bills, patients are now treating their medical care the same way they shop for any large … [Read more...]
Tracking Medical Practice KPIs
Medical Practice KPIs If you’re like most providers and practice managers, you’re already busy enough keeping up with the day-to-day operations. But monitoring your practice’s financial performance remains vital to your medical group’s success as a business. It is not only worth investing your … [Read more...]
Collecting Patient Deductibles in a Medical Practice
Patient Deductibles in a Medical Practice It's that time of year again - patients will make an appointment with you and they will now have a copayment "and" a deductible to pay. As patient deductibles increase each year, deductibles can be a significant part of your medical practice cash pay … [Read more...]
Medical Practice Accounts Payable and Internal Controls
Medical Practice Accounts Payable Internal Controls The vital role that internal controls play within any well managed medical practice is widely recognized. Knowledgeable practice managers are well aware that poor controls in this single area can result in far more dire consequences than simply … [Read more...]