99MGMT Blog

Marketing for Medical Practices: Why It’s Important

Posted by 99 MGMT on Aug 15, 2022 11:15:00 AM

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. 

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Topics: Marketing, Business Growth, Compliance, Financial

What Constitutes Medical Practice Operating Expenses?

Posted by 99 MGMT on Jul 18, 2022 12:45:00 PM


In previous blog posts, we’ve spent some time talking about the steps that go into starting your own medical practice. 

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Topics: Operations, Practice Management, Financial, Medical Billing

How Practice Management Services Can Improve Patient Volumes

Posted by 99 MGMT on May 25, 2022 6:00:00 AM

THE SECRET TO INCREASING PATIENT VOLUMES 

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Topics: Marketing, Business Growth, Operations, Practice Management, Patient Volumes, Financial

Average Medical Practice Overhead & How to Reduce Practice Expenses

Posted by 99 MGMT on Mar 29, 2022 12:43:00 PM

 

Research shows that today’s average medical practice overhead is actually between 60% and 70%.

Overhead is calculated as costs as a percentage of revenue. Basically, this means any and all revenues that don’t go into your pocket.

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Topics: Operations, Practice Management, Financial

7 Use Cases of Healthcare AI to Improve Office Workflow Management

Posted by 99 MGMT on Mar 17, 2022 3:06:48 PM

You don't have to look far to see the use cases of AI in healthcare – diagnostics, robotic surgery and much more. But what about the time-sucking tasks that get in the way of those important patient touchpoints?

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Topics: Marketing, Business Growth, Social Media, Patient Volumes, Financial, Coding, IT, Medical Billing, Physician-Patient Relationship, Technology

What Is Telemedicine? Consolidating Overhead & Reducing Practice Expenses Post-COVID

Posted by 99 MGMT on Jun 29, 2021 11:17:24 AM


If there’s one positive thing that we can say about the COVID pandemic, it’s that it showed the world just how equipped we are to effectively conduct our jobs from the safety and comfort of our homes. For some things, at least. 

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Topics: Operations, Practice Management, Financial

Closing/Selling A Medical Practice Checklist

Posted by 99 MGMT on Jun 14, 2021 6:43:36 AM

There are several reasons for the closing and/or sale of medical practices. The primary cause is financial strain, which was exacerbated last year as a result of the global pandemic. 

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Topics: Compliance, Practice Management, Financial

Bookkeeping in the Medical Office: 3 Tips

Posted by 99 MGMT on May 19, 2021 10:52:54 AM


As a physician or other medical worker, your primary focus is likely to be on patient care -- not the tedious details afterward. However, bookkeeping in the medical office isn’t something you want to overlook.

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Topics: Business Growth, Operations, Practice Management, Financial

Important Partnerships to Have When Starting Your Own Practice

Posted by 99 MGMT on Mar 22, 2021 2:38:28 PM

Starting your own medical practice is a huge undertaking, and it is virtually impossible to handle all by yourself. As you are planning for your new practice, there are several kinds of people who you will need to help you along the way, and we’ll be discussing those partnerships today.

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Topics: Business Growth, Operations, Practice Management, Financial, Practice Start-Up, Location

Private Medical Practice Billing Tips & Guidelines

Posted by 99 MGMT on Mar 10, 2021 7:09:17 AM

If your business provides a service, you should be paid for that service - and that includes private medical practices!

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Topics: Business Growth, Practice Management, Financial, Practice Start-Up, Medical Billing