Opening a medical practice is an exciting venture, but it’s also a complex one. One of the most critical aspects of this process is assembling the perfect team. A well-rounded, competent team can make the difference between a thriving practice and one that struggles to get off the ground. Here’s a guide to the key […]
Why Physicians Should Open a Medical Practice
In the healthcare industry, physicians often grapple with the decision of whether to open a private practice. While it may seem daunting, there are several compelling reasons why physicians should consider opening their own medical practice: 1. Autonomy and Control Having your own practice gives you complete control over your work. You can make decisions […]
How to get a Medical Practice Loan
Starting a medical practice is a rewarding but challenging endeavor. One of the most significant hurdles is securing the necessary funding. Here’s a step-by-step guide on how to get a medical practice loan. 1. Understand Your Needs Before you start applying for loans, it’s crucial to understand your financial needs. Consider costs like equipment, real […]
Medical Practice Fee Analysis: Complete in 2 Easy Steps!
Are you finding that your practice’s fees are below other similar specialties in your area? On your insurance payments, are you noticing that the carriers are occasionally reimbursing your practice 100% of the billed amount? If you answered yes to either of the two questions above, it may be time to complete a medical practice […]
Concierge Medicine: The New Movement for Physicians
Concierge medicine, also known as boutique medicine, is a relationship between a patient and a primary care physician in which the patient pays an annual fee or retainer. This may or may not be in addition to other charges. It’s a growing trend in healthcare, and it’s changing the way physicians practice medicine. The […]
Skin in the Game: Keys to Success in a Private Dermatology Practice
Dermatology is one of the medical specialties best suited for private practice. The field is growing quickly and it is projected to maintain its steady growth rate over the next several years. The rise in demand is fueled by increasing occurrence of skin cancer coupled with an aging population looking for cosmetic interventions to maintain […]
7 Things to Consider While Choosing a Medical Billing Company
You have made a wise choice to outsource medical billing. More than 70% of physician practices see an increased payment and reduced AR if they are able to find the right medical billing company. It can be overwhelming to select a medical billing company that you can trust. Below are key 7 aspects to evaluate […]
Five Essentials for Starting a Medical Practice
1. CHALLENGE READINESS Owning your own practice, while challenging at times, is a rewarding and satisfying accomplishment. As a physician, you are no stranger to long days and working hard to achieve what you want. Thomas Edison said it best, “Opportunity is missed by most people because it is dressed in overalls and looks like […]
4 Key E&M Updates in 2021 for Pediatric Practice
The updates in the 2021 Evaluation and Management guidelines will mean moving the way you think on selecting the appropriate visit codes for your acute visits. In this article, we’ll cover the changes we need to expect and tips to prepare your practice, and resources to make this coding pivot a smooth running for your […]
Hire the Right Medical Practice Manager in 4 easy Steps
Students must be equipped with the skills to navigate the digital world effectively, including using computers.