Operating a private practice can put a lot of strain on the practicing physician, as the time with patients must be balanced with administrative tasks and staff management concerns. Physician practice management companies (PPMCs) provide non-clinical business administrative services to private practices.
The Physician Self-Referral Law, also known as Stark Law, bans physicians from referring patients to “designated health services” payable by health coverage programs such as Medicare or Medicaid with which the physician or an immediate family member has a financial relationship (unless a rare exception applies).
Running a medical practice takes hard work, dedication, and unfortunately - involves a lot of expenses. Like with any other business, it is important to be aware of all the costs you’ll be incurring for your clinic so you can plan accordingly.
In today’s society, potential patients look to online resources for everything. Studies show that 80% of potential new patients search for health-related topics online before they reach out to any professional. This is why online marketing is key to growing your medical practice.
In previous blog posts, we’ve spent some time talking about the steps that go into starting your own medical practice.
Operating a medical practice means working in cooperation with other healthcare professionals. However, concerns about referrals between facilities for the wrong reasons have led to regulations and legal consequences.
If you’re looking to start a medical practice in Texas, you may be wondering “How the heck do I do this on my own?” or “Where do I start?”
We provide this exact guidance for clients every day. Like any major project, the key is to divide and conquer.
Here’s our working checklist for starting a medical practice in Texas, in no particular order of importance.
The coronavirus pandemic shut down the entire world at various points and for extended periods. Healthcare professionals found themselves struggling to find the best ways to help patients, working in a world where social distancing was necessary and health was a valued commodity. Society, meanwhile, discovered that a work-life balance was a higher priority than it had been given of late and began taking steps to change lives for the better.