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Comprehensive Guide to Managing Medical Practice Operating Expenses

Posted by 99 MGMT on Nov 29, 2024 8:45:00 AM

Running a medical practice involves more than providing excellent patient care – it requires managing the expenses that keep daily operations running smoothly.

From staffing and technology to routine costs, understanding where resources are going helps maintain efficiency and stay competitive.

A detailed checklist can simplify the process, offering guidance on handling expenses and improving overall financial management. Whether starting fresh or refining existing workflows, having clear strategies in place can make a measurable difference in how a practice operates.

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Topics: Marketing, Business Growth, Operations, HIPAA, Social Media, Practice Management, Patient Volumes, ICD-10, Practice Start-Up, Medical Billing, Consulting

Physician Burnout: Warning Signs and How to Prevent It

Posted by 99 MGMT on Nov 17, 2024 12:30:00 AM

Imagine waking up every morning dreading the long hours and emotional toll of caring for others. 

For nearly half of all physicians, this scenario is a harsh reality. Physician fatigue and emotional depletion have surged to critical levels, jeopardizing the well-being of healthcare professionals and compromising the quality of patient care. From relentless workloads to the constant pressure of making life-and-death decisions, doctors and healthcare workers face immense challenges that can lead to profound stress and disengagement.

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Topics: Operations, HR, Practice Management, Physician-Patient Relationship

What Do Physician Credentialing Companies Do For Providers? Save Money

Posted by 99 MGMT on Sep 12, 2024 1:15:00 PM

Healthcare professionals face a relentless challenge: administrative overload. 

Credentialing is a standout culprit, consuming up to four hours weekly for physicians, not to mention the additional burden on office staff. 

What if this time could be redirected toward patient care? 

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Topics: Business Growth, Operations, Credentialing

12 Tips For Effectively Using Social Media in Healthcare

Posted by 99 MGMT on Aug 19, 2024 7:53:46 AM

Did you know that over 90% of consumers use social media to help make health-related decisions? 

In today's digital age, social media in healthcare has become a powerful tool for professionals to connect with patients, share valuable information, and build trust. However, navigating the social media landscape in the healthcare industry requires a strategic approach to ensure compliance with regulations and to maintain professionalism.

As a healthcare professional, navigating social media in healthcare can feel daunting. These 12 healthcare social media tips can help you create a strong online presence, educate patients, and enhance their care.

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Topics: Marketing, Business Growth, Operations, Compliance, Liability, HIPAA, Social Media, Practice Management

What are Physician Practice Management Services?

Posted by 99 MGMT on Jul 31, 2024 9:00:00 AM

Operating a private practice can put strain on the practicing physician, as they need to balance patient care with administrative tasks and staff management. Physician practice management companies, also known as Management Services Organizations (MSOs), offer non-clinical business administrative services to private practices, alleviating some of these pressures.

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Topics: Operations, Practice Management

Medical Assistant Career Advancement: 10 Pros of Working in the Field

Posted by 99 MGMT on Mar 15, 2024 1:21:00 PM

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. 

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Topics: Operations, HR, Physician-Patient Relationship, Location

What Are Medical Billing Services? Why Outsource Medical Billing?

Posted by 99 MGMT on Feb 23, 2024 2:08:00 PM

Busy medical practices have to balance a high level of patient care with completing necessary administrative tasks to keep the doors open.

Medical billing can take up a lot of valuable time. It can also be difficult to find and train people to handle this crucial task. Plus, if claims are processed slowly or incorrectly, they can negatively impact your practice's revenue.

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Topics: Business Growth, Operations, Financial, Medical Billing

Medical Practices’ Top 6 Healthcare HR Challenges

Posted by 99 MGMT on Jun 7, 2023 7:51:00 AM

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.

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Topics: Business Growth, Operations, Compliance, Practice Start-Up, Physician-Patient Relationship

How to Run a Medical Practice: 4 Essentials for Long-Term Success

Posted by 99 MGMT on May 9, 2023 8:04:00 AM

Running a medical practice takes more than great clinical care; it’s about balancing patient experience, staff coordination, and operational efficiency every single day. From front-desk workflows to financial management, every detail plays a role in how smoothly your clinic runs. 

No matter your experience level, focusing on a few key areas can help your medical practice run more efficiently and keep patients and staff happier in the process.

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Topics: Operations, Practice Management, Practice Start-Up

Medical Practice Operating Expenses: 16 Pieces to the Puzzle

Posted by 99 MGMT on Apr 10, 2023 9:05:00 AM

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

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