Dissecting the business of a private pediatric practice for the purpose of examining its parts & discourse
Last summer, I was asked to give a talk at the Physician’s Computer Company Practice Management Conference. Around the same time, I was starting to write a blog post that talked about 101 things to do in your office. I wasn’t sure how to title it yet. PCC’s theme for the conference was “Change” so I decided to title the talk 101 ways to transform your practice and expand the post I was working on into an hour talk. But I also wanted … [Read more...]
I'm happy to see that in this country, we have media outlets that are digging around to find the real truth. Not the fake truth - like some of those other outlets do - but the REAL truth. Now it all makes sense. Enjoy! … [Read more...]
Today, I have another guest post. This time it's from Dr. Suzanne Berman MD, FAAP. Dr. Berman is also a contributor to Survivor Pediatrics. In this post, she gives insight into the real benefit of having a EMR. For example, many docs believe that a EMR will help them chart faster. But as Dr. Berman points out, that is not always true. The real benefit of an EMR isn’t being able to put data in/chart faster – this is great if you can do it … [Read more...]
Today’s guest blog post comes from David Horowitz MD. Dr. Horowitz responded to a question on SOAPM regarding how to go about negotiating with a payer. I thought his advice was practical, to the point and very useful, so I asked him if he had an issue with me posting his response. He graciously agreed to share his comments with readers of PediatricInc. By the way, this is not an unusual response on SOAPM. Most comments are this … [Read more...]
In the past few months I’ve been asked a couple of times what advice I would give to someone that is opening a practice from scratch. And in the same conversation I’m asked, do you think, considering everything that is going on now, if it is a good idea to open a medical practice. My short answer is, go for it! My long answer is, well, more complicated. First, I think it is important to assess one’s priorities and determine the true … [Read more...]
In case you missed them, here are the top 10 post for 2011. Is Your Front Desk a Command Center? Top 11 Pediatric Facebook Pages Patient Collection Letters, What is Your Approach? Medical Practice Advertisement Tip #3, How To Save $80,000 How Social Media Can Transform Your Medical Practice Can Costco and Your Medical Practice Have Something in Common? Does Your Medical Practice Have a Problem with Bad Debt? Here is a … [Read more...]
Have you seen those signs in doctor’s offices that read, “The best compliment you can give us is a referral?” Some say this is a great way to get referrals. Simply asking for one. I’ve also heard “healthcare marketing professionals” suggest that doctors ought to spend time in the community networking with other physicians like OB/GYNs, neighboring schools, daycares or any other person that can send a patient our way. At Salud … [Read more...]
Organizations often talk about how their employees are the company's strongest assets. Which is absolutely true. But very few actually take the time to ensure that their most valuable assets have what they need to perform their best. We believe they have what they need; we think they are comfortable; we assume they are happy, but how do we really know? We have a small group in our office that has been with us for a long time and for the … [Read more...]
Let’s say your practice saw the last patient today for ever. After that last one, no more patients will come see you again. How long before your practice runs out of money? A month; a day; 3 months? This is a very important question to answer. Why? Because it helps us have a perspective on the business and when and how to start making decisions. In the How The Mighty Fall: And Why Some Companies Never Give In Jim Collins talks … [Read more...]
My friends over at Pedsource just published a free RBRVS Calculator based on 2012 data. According to the post, the data is using an annual conversion factor of $24.60. They caution that this number will change sometime between today (12/8/11) and March, 2012. Because the AMA doesn’t let anyone provide a free RVU calculator that includes CPT codes due to their CPT copyrights (booo, booo), the great folks at Pedsource (yaaay, yaaay) created … [Read more...]
