Here Are Five Financial Ratios to Know about Your Practice
Just like there are ratios that gauge your patients’ health, there are ratios to gauge the financial health of your practice.
How to renegotiate payer contracts
Don’t settle for a bad deal. Boost your profits by renegotiating your payer contracts.
Determine your break-even point
Knowing your break-even point will help you plan for the future.
How to stop theft in your back office
Follow these simple tips to detect-and prevent-financial fraud in your medical practice.
The costs of doing business
Understanding the kinds of costs, and tracking them, will help you better manage your practice’s finances.
How to diagnose cash flow problems in your practice
How to make sense of the dollars and cents at a physician practice.
Keeping Medical Staff Happy
Matching people with jobs that utilize their skills and personality is key to keeping them happy at your practice.
Look at Payer Relations from a Different Mindset
Physicians often look at their relationship with payers through an us vs. them mindset. That's the wrong tract to take says one doc.
Don't Forget to Let Patients Know You Care
Patients really want to be cared for. And it's important to realize that treating them is different than caring for them.
Physicians Desire Focused Communication Over MOC
Physicians are not certain what message the certification boards are trying to send about MOC. Transparency would be a good place to start.
Patient Care Skills Can Aid Physicians at Negotiations
In any negotiation, it's important to consider the needs of the other side. But there's a difference between true altruism and absolute self-sacrifice.
'Rx: The Quiet Revolution': It All Starts with Mindset
The PBS documentary is an excellent example of how a patient's mindset leads them to healthcare ownership, not just placing that burden on the physician.
Simple Ways to Ward Off a Lawsuit
Healthcare is two parts: the process and the outcome. The latter can get you sued, but how you handle and behave during the process can protect you.
Two Important Aspects of Negotiations for Physicians
Asking questions - especially the hard ones - benefits you as a physician and can do the same in negotiations.
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