Business of Medicine
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, ...
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...
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...
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...
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 ...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...