99MGMT Blog

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

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.

Leaving a comfortable medical practice can be daunting. You've built strong patient relationships and mastered the daily routine. But for some, the desire for growth and autonomy sparks the idea of opening their own practice. 

The idea of shaping your future and building something new is exciting. 

But it’s not just about finding the perfect location or setting up appointments; launching a medical practice in Texas requires thoughtful planning and navigating important challenges. From legal and financial considerations to selecting the right team and technology, there are several crucial steps to take before making the leap. 

Let’s dive into what it takes to create a thriving medical practice. 

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.

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.

Maintaining a thriving medical practice hinges on attracting and retaining a steady flow of patients. In an era where healthcare consumers have many choices, practices that fail to prioritize patient acquisition and retention risk falling behind their competitors. 

The Physician Self-Referral Law, commonly referred to as the Stark Law, is a federal law passed in 1989 that prohibits healthcare providers from referring Medicare and Medicaid patients for “designated health services” to entities with which the provider has a financial relationship. This includes physician practice management companies, such as those that employ new physicians and offer administrative outsourcing. 

HIPAA compliance represents a cornerstone of privacy and security in the healthcare sector, safeguarding patient information, ensuring data security, and building a strong foundation of trust between patients and healthcare providers. For healthcare organizations and their business associates, adhering to HIPAA's regulations is not just about fulfilling legal requirements; it's about embracing an ethical responsibility to protect sensitive personal health information (PHI).

Bookkeeping for medical practices can be a complicated process. Technology may be the resource you need to ensure a potentially complex process does not result in missed opportunities or lost revenue. 

Addison Internal Medicine has spent a decade working toward what it is today: a premier destination for advanced primary medical care. The practice has achieved success in quality of care provided, patient satisfaction, and has shown the ability to adapt and grow with the community’s evolving needs.