Business of Medicine
Aug 24, 2022
Recruiting revenue-cycle talent carries significant financial and time-efficiency costs. Filling senior-level revenue-cycle talent vacancies has proven the most difficult for medical practices. They t...
Aug 24, 2022
Doctors who treat pain patients have long been concerned over being investigated and prosecuted and with the government accelerating its actions against opioid “pill mills” that concern has been i...
Aug 23, 2022
Although physicians dedicate their lives to ethically and compassionately caring for others, this unfortunately makes them a tantalizing target for fraudulent schemes. An estimated 3% of healthcare sp...
Aug 10, 2022
This month we are going to look at an issue that is a bit technical, but if you ever find yourself as a defendant in a medical malpractice case it is one that you will want to know about. The topic...
Aug 10, 2022
While negotiating contracts with insurance payers can be frustrating, physicians in small or midsize practices, are in a prime situation for such negotiations. According to Nathaniel Arana, founder...
Jul 29, 2022
Part of ensuring smooth and profitable workflow involves consistently examining the overall “health" of a medical practice. Healthcare industry solutions generator Medical Group Management Associ...
Jul 25, 2022
Administrative costs account for between 15% and 25% of total US health expenditures, the majority of which pertain to billing. Among healthcare systems worldwide, the United States’ system i...
Jul 15, 2022
Cyberattacks are a major threat to the healthcare industry and maintaining a powerful cybersecurity system is essential for any medical practice. Cyberattacks threaten a wide range of industrie...
Jul 07, 2022
Although women comprise 50% of first-year medical school students in the US and about 33% of practicing physicians, they earn considerably less money than men. Discrepancies in pay between wome...
Jun 29, 2022
Contract negotiations can be a source of stress for both new and veteran physicians. Although many physicians zero in on monetary compensation, it is not the only element to consider in optimizing the...
Jun 22, 2022
An increasing number of physicians are growing frustrated with patients who choose not to get their COVID-19 vaccinations. This leads to a dilemma for those physicians who would like to terminate thei...
Jun 22, 2022
Q: All the employed doctors at my hospital, even those who were not up for contract renewal, just got a new contract that includes a 1-year, 10-mile non-compete clause. The letter that came along with...
Jun 15, 2022
Many decades ago, retiring physicians could seamlessly sell their practice to a young physician. While that is occasionally the case today, shifts within the business of medicine have significantly af...
Jun 15, 2022
Q: I am on an ad hoc committee at my hospital looking into an EMTALA problem that we are trying to head off. We are a very small facility and the ER only offers limited services. There are two orthope...
Jun 09, 2022
A growing number of new physicians are focused on finding positions in which they can achieve a suitable work-life balance. National physician recruiting firm Merritt Hawkins surveyed final-year me...
Jun 09, 2022
Q: I own a small medical building in which my office is located. The problem is that one tenant, a speech therapist, gets frequent social visits from her son, who brings his dog, and the dog urinated ...
Jun 02, 2022
Physicians have a number of items to consider when planning for retirement, including factors beyond their control. Given increasing rates on inflation, many doctors may wonder if their retirement pla...
May 25, 2022
Partial retirement is a consideration for many physicians as they age into their 60s. According to an Association of American Medical College’s report, two out of five practicing US physicians will ...
May 18, 2022
Medical franchises run the gamut, from serving as drug testing labs and immunization sites, to focusing on medical staffing and billing. According to an article in Franchise Times, both individual and...
May 12, 2022
In the United States, patients frequently die under the care of strangers in an impersonal hospital setting, surrounded by noisy machines. This is a far cry from the comfort of a patient’s home wher...