Rx for Practice Management / Practice Management Advisor

Showing 225–240 of 267 results

  • Practice Notes – Reduce the risk of employee theft

    Winter 2010
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 494

    Abstract: In 2008, the National Health Care Anti-Fraud Association (NHCAA) estimated conservatively that 3% of all health care spending, or $68 billion, is lost to health care fraud. Physician practices can experience their own types of fraud — through employee theft. This article offers a few tips to minimize the risk.

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  • Hospital-owned group practices  – Breaking the ties that bind

    Winter 2010
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 809

    Abstract: Today, when many hospitals are in the buying mode, some practices are ready to join up but are wondering, “What if I want out in a few years?” Breaking up isn’t easy. Physicians must be prepared to deal with federal regulations, employee benefits, patient accounting and other day-to-day details, or else perhaps join another physician network instead of buying back the practice. Those who do buy will need to hire an appraiser to establish the practice’s fair market value; determine what proportion of profits or losses can be attributed to the physicians in the practice; and develop an exit strategy that covers the potential consequences of unwinding in the future.

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  • ACOs can help assure quality and slow cost growth

    Winter 2010
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 709

    Abstract: An “accountable care organization” (ACO) is a combination of primary care and specialist physicians, hospitals and other care providers that accepts collective responsibility to meet patients’ health care needs. ACOs are considered the ideal vehicle for achieving the integration and cooperation demanded by “bundled payments.” But group practices will need strong leadership to carry out the many changes involved. Doctors will need to either acquire hard-core business skills and assume major management roles, or be willing to hire professional business managers to whom they can delegate significant business decisions.

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  • Is your practice’s compensation system fair?

    Winter 2010
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 874

    Abstract: Many physician groups are operating with compensation systems that were developed years ago for reasons that may no longer be relevant in the current environment. But, before embarking on changing one’s current system, it’s important to review all aspects of compensation. Does the system account for all costs incurred, or only a subset of expenses? In allocating revenues and expenses, does the system use RVUs, equal shares or professional service charges? This article looks at the components of a fair package, and discusses how to fairly compensate physicians whose professional duties, time commitments and outside activities vary. A sidebar discusses pending health care legislation, and the impact that reform will have on all health care providers.

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  • Practice builders – Don’t let marketing fall by the wayside

    Fall 2009
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 420

    Abstract: In the current economic climate, some private practice physicians may be tempted to cast their marketing efforts aside in order to save a dollar. It’s a bad idea. Rather than drop marketing, it’s important to become more creative at it. This involves gaining an understanding of the market in which one competes; choosing the best medium to appeal to that market; and synchronizing various marketing efforts with each other and with what is going on in the practice through annual, quarterly and monthly action plans.

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  • Medical practice management 101 – How to assess financial health

    Fall 2009
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 704

    Abstract: Most often, it’s assessing the financial health of their practice that eludes many physicians. Timely, accurate financial reports can be invaluable tools for assessing a practice’s financial health. Different reports used on a daily, weekly and monthly basis provide vital information for day-to-day management of a practice. Each kind of report offers different information that’s important to financial analysis. But good old-fashioned budgeting is also crucial.

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  • Developing a hospitalist service offering

    Fall 2009
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 568

    Abstract: The services that hospitalists perform have become so popular that the number of hospitalists is expected to reach 30,000 by the end of the decade. Entrepreneurial physician practices seeking to develop new revenue streams should consider developing a hospitalist services subsidiary. This separate entity would employ the hospitalists. But it’s important for a hospital to understand in advance how the subsidiary works and how to prepare a hospitalist for service, and ensure that both the hospital and hospitalists are in agreement on performance variables and how they will be measured.

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  • Electronic dashboards – The latest gadget for measuring practice performance

    Fall 2009
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 818

    Abstract: There’s a new tool that many physicians are finding superior to traditional financial statements — the electronic dashboard. Why are dashboards important? They’re designed to make financial indicators more comprehensible to physicians. In fact, they can be effective tools for engaging all staff members in reducing overhead and increasing profits. This article describes how electronic dashboards work, how to get started employing one, and what features to include. A sidebar looks at the costs of implementing a dashboard, whether in-house or through a third party.

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  • Practice builders – Building a brand image

    Summer 2009
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 499

    Abstract: Building a positive brand image starts with deciding which types of patients your practice wants to entice and then learning about their needs and expectations. You’ll need to size up your target market, and then decide what image you wish to convey to the wider world.

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  • Vital Stats – HIPAA expands under HITECH

    Summer 2009
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 374

    Abstract: The Health Information Technology for Economic and Clinical Health Act (HITECH) applies to certain “covered entities,” including physician practices and their “business associates” that do work for any entity that involves “protected health information,” or PHI. This short article describes the details, including significant monetary penalties for noncompliance.

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  • More complicated than you think – Valuing a medical practice

    Summer 2009
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 679

    Abstract: A new wave of purchases of physician practices, mostly by hospitals, is taking place around the country. Because of their numbers, size and purchasing power, hospitals are currently defining the standards for valuing the practices they buy. A practice’s sale price is typically based on the value assigned to it by a professional appraiser when there’s a strategic buyer. The value is made up of the practice’s tangible assets, cash, accounts receivable and goodwill.

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  • Following the rules for CMS enrollment

    Summer 2009
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 621

    Abstract: The procedure for physicians needing to enroll in Medicare has become both easier and tougher. It’s easier because the process now can be completed almost entirely online. At the same time, CMS is monitoring physician enrollment data more closely to cut back on the potential for fraud and abuse. Practices must file more frequently, but Medicare’s “PECOS” system makes the process easier. This article discusses the procedures involved.

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  • Don’t take it sitting down – Fight back in troubled economic times

    Summer 2009
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 826

    Abstract: The economic downturn is affecting the financial fortunes of many physician practices. A practice can cut expenses, but to improve its long-term financial position it must improve efficiency. This includes improvements in scheduling, better handling of no-shows, cross training, and more efficient management of physician time and office space. A sidebar offers additional tips.

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  • Practice builders – A brave new world: Finding your way

    Spring 2009
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 573

    Abstract: Consumer-driven health care is here to stay. So it’s critical that your practice understand how the various health plans work and the impact they’ll have on your patients — and your practice. This article delves into the issues surrounding high-deductible health plans, Health Savings Accounts and your billing process.

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  • Vital Signs – Pay-for-performance can help improve productivity

    Spring 2009
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 164

    Abstract: This issue’s “Vital Stats” offers information from the MGMA Physician Compensation and Production Survey, 2008 Report Based on 2007 Data indicating that appropriately aligned compensation can make a difference in productivity.

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  • Good staff are hard to find – Tips for recruiting and retaining the best

    Spring 2009
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 710

    Abstract: Physician practices are in competition with other practices, hospitals, and even third-party payors — not just for patients but also for staff. High-performing practices work hard to recruit the best staff candidates and then work even harder to retain them once they’re hired. This article explores the secrets of finding and keeping good staff members.

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