Nick Hernandez

It is important to evaluate whether you want to consolidate your medical practice’s position or find ways to grow.

Why are practices merging with others? Here are five common reasons at what's driving this trend.

Amplifying a practice's vision should be a key goal when developing any messaging strategy, yet many physicians struggle to do this.

Here are some operational steps you should take to ensure your strategic planning process isn't a waste of time.

The first step to strategically plan for your practice is defining the organization's values, community vision, and mission.

Your personality and style shouldn't be the overwhelming consideration when choosing a successor to run your practice.

Practices engaging in strategic planning should look ahead and create a vision of where it wants to be in three to five years.

If you are looking to combine your practice with another, here are some ways to ensure the merger goes off without a hitch.

For independent physician practices, a joint venture may be the best option to gain credibility and expand your resources.

Bringing on a new physician or practice manager can be a stressful process. That's why you should use a recruiter, if you can.

If you are considering selling your practice, you'll have to know the terms and appraisal definitions, as well as how to understand value.

Interested in creating a joint venture agreement with another healthcare entity? Here are some considerations to make.

Too often, two practices merging with another have a misguided sense of why a deal should happen. Is the strategic vision for the agreement valid?

Every single medical practice plan should include various components that will ensure it's enacted properly. Here are a few areas to consider.

A good competitive analysis is a scouting report of the actual market terrain that your practice must navigate in order to be successful.

The fundamental challenge of strategic planning is to reconcile the tension between the desire for preparation and the need for flexibility.

There is no way to guarantee that a partnership will work. Consequently, weighing the advantages and disadvantages of having a physician partner is vital.

Physician partnerships are often a great idea. Great partners band together to compensate for each other's weaknesses and encourage creativity.

Changes in the healthcare industry can make the delivery of quality patient care more difficult. It is here that long-range planning can be most helpful.

Medical practices must constantly change in order to survive today's competitive healthcare arena. They should never just settle for the easiest solution.

Physician partnerships require much pre-planning in order for them to be successful. Here are six areas that must be considered.

As the practice grows and the healthcare environment becomes more complex, the need for strategic planning becomes greater.

In order to become effective at their jobs, practice staff members must have trust in each other and faith in the abilities of practice leadership.

Taking an active role in professional associations can benefit physicians through networking opportunities, policy alerts, and continuing education.

There is no such thing as a standard telemedicine program. Consequently, it is extremely important to develop a strategic plan first.

Strategy is not just a document that is written and then filed away. To succeed, the whole practice must engage with it and live and breathe it.

The purpose of an organization chart is to depict the skeletal structure of your practice; including the functional relationships between your staff.

Effective management is the ability to influence staff so that they willingly and enthusiastically strive toward achievement of practice goals.

Physician employers must be ever vigilant when seeking to classify an employee as salaried and exempt from overtime pay.

Many physicians enter into medical directorship arrangements hoping to "get rich quick" while unsuspectingly jeopardizing their medical license.