Learn how the most successful medical practices do it!
A Step-By-Step Guide for Doctors To Prepare For A Recession
This quick read is not about the reasons driving an anticipated economic turmoil, but a call to action to prepare our practices for the uncertain times ahead.
Key Performance Indicators for Successful Medical Practices
This quick read will provide the nine "vital signs" or key performance indicators to grow patient referrals, identify problems, and increase your profits.
Exploring the Advantages of PAs and NPs in Private Practices
Understanding the legal frameworks of PAs and NPs is crucial for effectively integrating substantial legwork into private practices to increase productivity.
Managing Medical Claims: Avoiding 100K Loss in Revenue.
Learn how to efficiently manage the claim filing process in your medical practice and spot issues early to prevent financial losses. Tips for successful claims.
Advertising To Patients: The Good, The Bad, And The Ugly
This article provides physicians with basic information about the dos and don’ts of medical practice advertising to verify compliance and regulatory oversight.
Owning Mixed Medical Services Without Conflict of Interest
We explore how physicians can manage the ownership of multiple medical services that complement the primary practice without a potential conflict of interest.
The Potential Of An Ambulatory Surgery Center For Your Practice.
ASCs provide a cost-effective, patient-centric approach to outpatient surgical care. Understanding the dynamics of ASCs to make an informed decision.
Patients Love Telehealth, and Physicians Not Always.
To stay competitive, we must offer telehealth in modern medical practices, so let's look into how to close the gap and find the right balance between convenience and quality of care.
Growing Your Practice with Google Reviews: Do’s and Don’ts.
Positive online reviews are critical to growing your practice as they build trust with patients and referral sources and boost your ranking on Google searches.
A Proven Method To Implement The Latest Medical Technology.
Studies suggest that implementation failure rates for healthcare innovations range from 30% to 90%. The most successful companies in the world use a step-by-step approach called Phase Gate to discover, select, and implement new products and technologies successfully.
Expanding Your Medical Practice: When Is The Right Time?
Expansion offers a strategic opportunity to serve more patients, increase the value of your brand, reduce costs through economies of scale, and increase your profit margins.
Solo Practice or Group Practice. Advantages and Challenges.
The decision between having a solo practice or joining a larger medical group offers distinct advantages and challenges: the independence and control of a solo practice, or the collaborative environment and resources of a larger group practice.
The Double-Edged Sword of Employee Bonuses in Your Team
While incentives like bonuses are powerful tools to foster ownership and motivation, they can lead to unintended consequences if not thoughtfully implemented.
Which Type of Practice Model Works Best for You?
We explore seven common business models for medical practices, from traditional to innovative. We explain the various models' key advantages and disadvantages to help you find the best fit for your medical practice, diversify your revenue, and mitigate risks.
How Investors Estimate Your Medical Practice Value
When a private equity firm evaluates a medical practice for potential investment or acquisition, several critical factors are considered to determine its value.
We present six areas that can significantly enhance the value of your practice, making it more attractive to investors. Here's what private equity firms typically look at
Understanding Your Medical Practice Finances in Minutes
We'll focus on the "Big Three" of financial statements: the Balance Sheet, the Income Statement (Profit & Loss), and the Statement of Cash Flows.
How Your Own Research Data Becomes A Major Differentiator
Having your own research medical data on procedures and treatment outcomes from your medical practice can be a major differentiator. This valuable information already exists in your medical records.
Human Resources for Doctors. Building High-Performance Teams
Cultivate a drama-free and engaged workforce poised to deliver outstanding patient care by addressing your team's core human needs.
How Important Is Your Digital Reputation Management?
New patients, referral networks, and anyone trying to collaborate with you will look for you online, including those trying to take advantage, one way or the other.
The Rise of Robo-Doctors. What is True and False … still
AI is evolving faster than anticipated, and AGI is near. It's said that only human medical professionals could have specific oversights. AGI is expected to do that with more incredible speed, accuracy, and efficiency