Do you have procedures in place to protect patient information, mitigate security risks, and address security breaches if/when they occur?
If not, your practice is like a compliance time bomb waiting to explode. Patient information security should be a high priority - compliance issues can easily lead to fines, reputational damage, and legal trouble.
Topics: Compliance, Liability, HIPAA, Practice Management, IT
Choosing & securing a location for your private medical practice should be done early in the practice startup process. Other steps in the process will rely on you already having a location picked out.
Topics: Business Growth, Practice Startup, Location
In July 2017, the federal OIG exclusions list contained almost 68,000 individuals and entities who are excluded from federal reimbursement for goods and services. State sanctions lists often have more - some providers on state lists are not included on the federal lists.
Topics: Operations, Compliance, Liability, HIPAA, HR
Most physicians do need financial assistance to get a new practice up and running. How long it takes to get the money in your hands depends on the type of loan you apply for.
Topics: Financial, Practice Startup
You're ready to venture out and start your clinic in Texas, but medical practice funding still seems a mystery. What medical practice startup costs do you need funding for? How much does it cost to start a medical practice? You need answers to these questions before you can start figuring out how to get a loan to start your medical practice.
Topics: Practice Management, Financial, Practice Startup
What’s in a name? It turns out that names are very powerful, especially when you’re selecting a name for your practice. Your practice name is how patients will share your name with friends and family, it’s how people will find you online. It’s the cornerstone of your medical practice’s identity.
Topics: Marketing, Practice Management, Practice Startup
Although it’s never easy, there are times when terminating a patient from a medical practice is absolutely necessary. Many of those instances involve non-compliance, which can take the form of:
Topics: Operations, Practice Management, Physician-Patient Relationship
You have to spend money to make money, but in order to maximize your profitability, you need to keep medical office operating expenses under control before they eat your practice alive (not unlike an antibiotic-resistant MRSA).
Topics: Operations, Practice Management, Financial
Medical practice management consultants analyze your practice and figure out where you can streamline processes and save money. They may also provide managerial services for your medical practice.
Topics: Operations, Practice Management, Consulting
