Although it’s never easy, there are times when terminating a patient from a medical practice is absolutely necessary.
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.
Healthcare professionals regularly find themselves struggling to find the best ways to help patients, working in a world where masks continue to be a controversial topic and health is a valued commodity. Society has discovered, thanks in part to the coronavirus pandemic, that a work-life balance is a higher priority than it had been given of late and has begun taking steps to change lives for the better.
Healthcare employment is projected to increase 13% by 2031, and the U.S. Bureau of Labor projects that means 2 million new jobs in a decade. With more employees to think about, Healthcare HR has some ongoing concerns to address.
Much like any business, running a medical practice is a lot of work. To reasonably handle everything it takes to run a clinic successfully, day in and day out, there must be a high level of optimization and efficiency.
This goes beyond inventory management and scheduling. This means prioritizing patient experience and making sure each staff member is prepared to facilitate success each day.
In previous blog posts, we’ve spent some time talking about the steps that go into starting your own medical practice.
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.
Medical care is necessary to prevent diseases and improve quality of life. With many doctors offering a wide range of treatments, additional staffing is required to ensure smooth and timely interactions and services for every patient. In many cases, the role of a Medical Assistant extends beyond checking vitals and updating medical histories.
It is a well documented fact that Physician Burnout is continually creeping up as a silent antagonist in the healthcare industry.
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.