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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 […]
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The new federal pay-for-performance pilot program may prove to be short-lived.On December 20, 2006, President Bush signed into law the Tax Relief and Health Care Act of 2006 (TRHCA). A broad tax reform omnibus that also included a number of key health care measures, the bill authorized the establishment of a pay-for-performance program known as […]
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After designing the physical layout of your office network, it’s time to start making some decisions about its logical design. The logical design is basically the network’s intangible structure and function. In this month’s article, I’ll provide some guidelines on creating an efficient, flexible and smoothly functioning logical network. Strive for Flexibility A good rule […]
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Even if you haven’t yet made the leap to full electronic medical records (EMR) implementation, chances are you’re already using a computerized system for scheduling, billing, or other administrative functions. And unless you only have one computer in the office, it’s likely that the computers are connected by some sort of network.
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Should your practice outsource IT (information technology) or hire your own in-house computer specialist? Whether you decide to implement an electronic medical records system now or five years down the road, the movement towards a practice management approach that makes more use of advanced technologies is already underway. At root, the practice of medicine is […]
