Business of Medicine - Physician's Weekly - Page 2


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Business of Medicine

Addressing Revenue-Cycle Talent Recruitment Struggles

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...

Dr. MedLaw: Supreme Court Sides With Doctors in Ruling on Controlled Drugs Dispensing

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...

How to Avoid Being Lured into Fraudulent Schemes

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...

Dr. MedLaw: What You Need to Know About High-Low Agreements

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...

How to Effectively Negotiate Contracts With Insurance Payers

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...

Metrics & Benchmarking Data Offer Insight into Productivity

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...

Devoting Less Time to Billing Can Raise Revenue

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...

Strong Cybersecurity Is Critical for Healthcare Practices

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...

Low Starting Salaries Affect Female Physicians’ Future Earnings

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...

How Physicians Can Achieve an Optimal Contract

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...

How to Navigate Caring for Unvaccinated Patients

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...

Dr. MedLaw: Restrictive Covenant

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...

The Mechanics of Selling a Medical Practice

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...

Dr. MedLaw: EMTALA Violation

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...

Growing Number of New Physicians Seeking Work-Life Balance

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...

Dr. MedLaw: Service Dog

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 ...

The Relationship Between Physicians and Inflation

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...

How Group Practices Can Prepare for Partial Retirement

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 ...

Benefits and Drawbacks to Owning a Medical Franchise

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...

How to Navigate a Patient’s Right to Die

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...

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