Running a medical practice takes hard work, dedication, and unfortunately - involves a lot of expenses. Like with any other business, it is important to be aware of all the costs you’ll be incurring for your clinic so you can plan accordingly.
Topics: Marketing, Business Growth, Operations, HIPAA, Social Media, Practice Management, Patient Volumes, ICD-10, Practice Start-Up, Medical Billing, Consulting
Operating a medical practice means working in cooperation with other healthcare professionals. However, concerns about referrals between facilities for the wrong reasons have led to regulations and legal consequences.
Topics: Operations, Compliance, Liability, Practice Management
Topics: Marketing, Business Growth, Operations, Practice Management, Patient Volumes, Financial
Today’s world has integrated technology into every aspect of our lives, and medical practices are finding that patients, particularly Millennials and Gen Xers, are prioritizing partnerships where virtual staff integration is commonplace. One example is appointment scheduling: in 2021, a Harris Poll Survey found that 68% of all patients expect to be able to book appointments for well visits or other health concerns online.
Topics: Operations, Practice Management, Technology
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.
Topics: Operations, Practice Management, Financial
The need for dedicated, dependable healthcare workers has never been greater, yet the well to tap from has never felt drier.
Topics: Marketing, Business Growth, Operations, HR, Practice Management, Practice Start-Up
Deciding to start your own private medical practice is a decision filled with endless pros and cons. One of the most compelling pros is the ability to offer your unique vision of patient-centered care.
Topics: Marketing, Business Growth, Social Media, Practice Management, Patient Volumes, Practice Start-Up
Investing in a quality practice management company to handle day-to-day tasks frees up your time to focus more on your patients and their needs. They can help your private practice streamline scheduling, billing, marketing, accounting, credentialing, human resources, and overall office operations.
Topics: HR, Practice Management, IT, Medical Billing, Consulting
As a physician, you play a pivotal role in your community. You and your team are responsible for keeping everyone healthy, and the weight of your daily responsibilities can take a toll on your mental health and well-being. Loss of passion at work, feeling mentally drained, and not feeling like you’re achieving your goals - these (just to name a few) are some of the challenges that physicians just like you can face. These feelings can lead to weariness, and even worse, burnout.
Topics: Business Growth, Operations, Compliance, Practice Management
With the rise of the digital era and almost everyone being able to share their opinion with just a few clicks - it’s important to keep up with your online reputation and to know how to respond to the good, the bad, and even the ugly.
Topics: Marketing, Operations, Compliance, Liability, HIPAA, Social Media, HR, Practice Management, Physician-Patient Relationship