Get the Inside Track for Your Practice The “Medical Practice Experts Alliance” offers medical professionals a practical, hands-on look inside some of the most successful medical practices across the U.S. By becoming a member, you’ll gain access to premium content that reveals: A simple method of using your least qualified staff member to increase revenue […]
Peter Polack
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A frequent discussion among colleagues, especially if they are in the same group, is whether or not a practice will ever realize a return on their investment in an EMR system. Of course, this is beside the point that the government is mandating the use of EMR by within the next ten years. While hospitals […]
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Perhaps one of the most challenging aspects of implementing an electronic medical records system (EMR) is managing its effect on the staff. According to a study by executive search firm Korn/Ferry International, one of the most common mistakes that executives make when joining a company or making changes is failing to properly read the existing […]
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Your medical practice is really no different than any other type of business when it comes to the economy. Granted, perhaps medicine is a bit more insulated than the retail industry – people always get sick, but they don’t always need a new car or house. However, discussions we have had with physicians in a […]
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Every so often there is an article in a newspaper written by someone complaining about “rich doctors” giving professional courtesy (not charging each other or their families for medical care), and blaming that in part for the escalating costs of medicine in this country. Don’t you just hate when the misinformed have a platform from […]
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So, you’ve now made the decision to get your office running on an electronic medical records (EMR) system and you’ve chosen the specific software you want. Before you start making any major software or hardware purchases, however, you should have someone help you implement EMR into your practice – an IT (information technology) consultant or […]
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Winding down a medical practice need not be an anxiety-provoking process for a retiring physician. If he or she practices within a group, this process has probably already been addressed on some level. But what about doctors who are in a solo practice? How should they best accomplish a graceful exit? Should you have already […]
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I recently read a book entitled Corporate Agility (Grantham et al, 2007 AMACOM). And although initially I thought it was just applicable to large corporations, I realized that in fact it could be very useful for the typical medical practice. It describes a process known as collaborative strategic management (CSM). This is a strategic approach […]
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Medical practices that are considering recruiting new physicians may want to consider the following fact: most residents will ultimately practice in the state in which they trained. The Florida Statutory Teaching Hospital Council, which represents Florida’s six teaching hospitals, says that about 70% of residents end up practicing in the community in which they do […]
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Recent studies suggest that larger physician groups not only have advantages over smaller groups and solo practices when it comes to negotiating contracts but they may also offer better quality of care. According to a report in American Medical News, larger practices are more likely to result in the “public practice of medicine”, where peer […]