5 Things to Consider When Selling Your Practice
These tips can help you choose the right buyer for your practice.
36 Guidelines to Evaluate a Practice Manager
Knowing how to evaluate a practice manager is vital to your success. Here are 36 specific guidelines that can be used.
Guidelines for Reviewing the Practice Manager's Performance
The practice manager and physician can benefit from a thorough review of a practice manager's performance. Here are first steps you should take.
Why Many Physician Compensation Plans Fail
Here are four strategies to make sure that your physician compensation does not fail and you find yourself having to replace a departed doctor.
Two Steps to Take to Improve Front-Desk Collections
There are two simple steps practices can take to improve front-desk collections from their staff in the age of the high deductible.
Measuring the Financial Performance of Practice Managers
What are some reports you can run to track the health of the billing and collection process of your practice, and how can this data be used to determine the effectiveness of your practice manager?
5 Tips on Selling Your Medical Practice
Interested in selling your practice to a local hospital or large medical group? Here are five tips from an expert.
Five Tips on Selling Your Medical Practice
In my work performing practice evaluations for physicians for negotiating the sale of their practice, I've found five ways to improve their bargaining power.
Your Medical Practice Handbook: Guidelines to Consider
Putting together an employee handbook for your medical practice is not only a smart thing to do legally, but good for staff management.
Catching Mistakes When Paying Bills for Your Medical Practice
The phone bill, utilities, bank charges - dealing with these bills at your medical practice should mirror your personal approach.
Claims Payments via EFT: A Good Idea for Medical Practices
You likely use Electronic Funds Transfer to pay your employees, so here are some tips to streamline your claims management process as well.
Avoid Medical Claims Issues by Verifying New Patient Data
Whatever is on a patient's insurance card is what you use for submitting the claim …even if that information is incorrect.
Developing Procedures to Cross-train Your Practice Staff
Here's a sample procedure you can use to identify roles at your medical practice just in case another staff member needs to step in.
Cross-training at Your Medical Practice
Documenting procedures at your medical practice can improve staff performance and productivity. Here's how to do it.
Providing Employee Benefit Opportunities at Your Medical Practice
Each year, medical practices should review their employee benefits. Here are some ideas on changing what you've done in the past to reward your staff.
Setting up a Payment Plan with Your Patients
Looking for a simple tool to create a payment plan for your patients? Here's one to download and use at your medical practice.
Tie Staff Bonuses to Medical Practice Performance
Holiday bonuses are great, but they are often expected each year. Here's an alternative to consider, linking bonus pay to performance criteria.
Stemming Losses in Copays, Deductibles at Your Practice's Front Desk
Here are three ways to stop 'lost' copayments and deductibles at the time of service at your medical practice.
The End-of-Day Report: Financial Control for Your Medical Practice
If you are looking for a simple way to control your medical practice finances, here it is: the end-of-day report.
How to Avoid Missteps in Medical Practice Mergers
All too often, the lure of reduced costs precludes the make-or-break proposition - is the practice merger feasible?
Better Define a Medical Practice Manager's Responsibilities
Here's a useful tool to allow each physician in a practice to provide input on hiring a new manager or redefining the role of a current manager.
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