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Business of Medicine

Women Physicians Still Face Pay Inequities

May 30, 2023

Disparities in pay based on gender are, unfortunately, a persistent problem in our country for all sectors, including healthcare. Women physicians have been up against the gender pay gap for decades, ...

Stopping the Process of ‘Patient Dumping’

May 23, 2023

A Las Vegas news crew captured footage of a for-profit hospital, Valley Hospital Medical Center, refusing to treat an elderly patient who couldn’t afford payment—a process Las Vegas elected offici...

Safeguarding Patient Data from Cyberattacks

May 19, 2023

Cyberattacks worldwide are increasing at an alarming rate. According to cybersecurity company Check Point, the third quarter of 2022 saw a mean of beyond 1,130 global weekly attacks per business. Cer...

How Medicaid ‘Unwinding’ Negatively Affects CHCs’ Revenue & Patient Care

May 16, 2023

Community Health Centers (CHCs) are essential lifelines for many of the country’s rural and urban communities. However, as the federal “unwinding” of Medicaid’s continuous enrollment policy pr...

Is There a Role for ChatGPT in Healthcare?

May 16, 2023

ChatGPT is a chatbot that uses artificial intelligence (AI) to echo intuitive human conversation. In the healthcare arena, ChatGPT could be applied to a variety of areas, including automating patient ...

Should Physicians Who Left Retirement During COVID-19 Return to Medicine?

May 02, 2023

COVID-19 prompted an increased, dire public need for physicians. In response, a large number of retired physicians selflessly opted to help by rejoining the medical community. Although such physicians...

Making the Optimal Choice for Your Insurance Coverage

Apr 20, 2023

Although doctors often play a larger-than-life role in the wellness of their patients, physicians are mortal and will inevitably have to face their own health risks at some point. Despite the tremendo...

Addressing Issues With EHRs

Apr 10, 2023

Electronic health records (EHRs) can be of great help to physicians, but their implementation is wrought with challenges. A poorly functioning EHR not only affects a physician’s efficiency, it can a...

Is There an Ideal Time to Sell a Medical Practice?

Apr 06, 2023

There are many elements for physicians to consider when they ponder selling their medical practice. Healthcare attorney Steve Shaber and business transactional lawyer Dave Krosner of North Carolina-ba...

Protect Yourself by Understanding Medical Malpractice Insurance

Apr 03, 2023

No matter how adept a physician is in their field, one key element to achieving and maintaining a successful career is investing in quality medical malpractice insurance. Physicians must do their due ...

What Physicians Should & Should Not Do to Protect Their Assets

Mar 06, 2023

Asset protection is a necessity for any physician, regardless of variables like specialty or work setting. According to Ben Utley of Oregon-based Physician Family Financial Advisors, if a physician ha...

Three Non-Traditional KPIs That Affect Collections & Cash Flow

Feb 28, 2023

Key Performance Indicators (KPIs) often involve elements like charges, payments, net collection, gross collection, days in accounts receivable (AR) and bad debt. According to CEO of PRN Advisors, Jona...

The Art of Navigating Increasing Malpractice Premiums

Feb 28, 2023

Medical malpractice premiums have grown significantly more expensive over the past few years. According to a 2022 American Medical Association (AMA) report, 29.5% of premiums rose in 2021, following p...

Tips for Avoiding Medical Claim Denials & Getting Paid

Jan 31, 2023

Adhering to billing guidelines can be a frustrating and challenging task. Despite painstakingly trying to do so, physicians often nonetheless find themselves facing denied claims and post-payment reco...

The Criminalization of Medical Error Is Damaging to Both Physicians & Patients

Jan 24, 2023

Unfortunately, physicians run a high risk for encountering medical error at some point within their careers. The looming possibility of medical error can be incredibly stressful, as medical errors adv...

How Physicians Can Avoid Making Common Financial Errors

Jan 17, 2023

While earning a high income certainly benefits physicians, it is also accompanied by the increased possibility of financial errors. According to medical writer Jonathan Ford Hughes, physicians must...

Dr. MedLaw: Understanding the “Loss of Chance” Doctrine

Jan 10, 2023

Ask a doctor if they can be sued for what might happen in the future, and they likely will say, “Of course, it happens all the time!” Most doctors have some version of the, actually apocryphal, st...

Is Partnering With a Practice Right for You?

Jan 04, 2023

Partnering with a practice is not right for everyone. While some physicians may benefit from partnering, others may be better off passing on the opportunity. The decision to partner warrants consideri...

Serving as Physician Expert Witness Can Be Financial Game Changer

Dec 29, 2022

The single most effective thing many physicians can do to supplement their incomes is to serve as an expert witness. Physician expert witnesses are brought into cases to help judges, juries, and lawye...

How Physicians Can Adjust to Working in Toxic Environment

Dec 15, 2022

Despite the many years of schooling and post-graduate training undergone by physicians, it rarely prepares them to handle a toxic workplace environment. According to career coach  Chelsea Turgeon, MD...

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