Dissecting the business of a private pediatric practice for the purpose of examining its parts & discourse
My buddy and co-host on the Pediatric Practice Management MediaCast has put together a Pediatric Compensation Model Survey on SurveyMonkey. The purpose of the survey is to find patterns of compensation model satisfaction among private pediatric practices. Here is Chip in his own words: In more plain language, I want to get to the core of why some practices are so much happier than others when it comes to how they pay themselves. I … [Read more...]
Recently, Chip and I saw a question posted on the SOAPM listserve that addressed this notion of when is it the right time to bring on a physician. We thought it was a great discussion topic so we decided to dedicate an entire episode surrounding some of things one ought to consider when bringing on a new doc. To give you a heads up, below you'll find part of the email that was submitted to the listserve. I recently interviewed a potential MD … [Read more...]
Like many of us, I was gaining weight year after year. And of course, every couple of months or so I'd have plans to eat less and exercise more. I'll just start making better choices; I'll also bring food from home instead of eating out for lunch everyday; Oh, and I can also start walking in the evenings with the dog. These were all these things that I kept on telling myself and others. Of course, you all know what happened. I never stuck to … [Read more...]
I'm really excited about this week's episode. In this episode, we are visited by Mary Pat Whaley from ManageMyPractice.com, one of the premiere practice management WWW sites. We have a fairly wide-ranging discussion, but there is some focus on a popular issue, the "credit-card-on-file" topic. We also touch on practice independence, insurance contract negotiation, and more. There is some real gold here! Make sure you visit ManageMyPractice.com … [Read more...]
At NCE last year, I got an opportunity to meet Dr. Sidney Nesbitt. Dr. Nesbitt a pediatrician in Nairobi, Kenya and is very interested in practice management things like work flow improvements, hiring the right staff and working on making his clinic a better place for both him, his staff and his patients. I recently heard from Dr. Nesbitt. He shared with me that a group of MIT grad students conducted an assessment of his office in Nairobi in … [Read more...]
What are my practice goals? How do I measure success towards reaching these goals? How am I going to communicate these goals and progress to my staff? Related articles Do You Want to Understand the Revenue Cycle of a Medical Practice? Start Here. (managemypractice.com) … [Read more...]
If you've done any reading about ICD-10, you know that this transition will be a monumental task. Fundamentally speaking, ICD-10 is a paradigm shift. It is designed to completely transform medical documentation. And since documentation is a lot of what doctors do, inevitably these changes will impact our day-to-day practice. In a recent AMA publication, the authors concluded that the two biggest challenges with implementing ICD-10 will be … [Read more...]
In this episode, Chip and I have our first guest. Paul Vanchiere was kind enough to sit down with us to talk about budgeting. Why budgeting? Well, I suspect that this is an area where many practice don't excel. If you are part of a larger group, the likelihood you have a sound budgeting process that is sophisticated. But for those in smaller offices, not so much. Paul is a great guest because he has been worked in many different … [Read more...]
My friends over at the ManageMyPractice.com blog are putting together another webinar that I think you all should attend. Mary Pat writes: We had such a great response to our Credit Card on File Webinars that we are running another session. If you are still curious about the credit card program on file that I go on and on about, but don't know how to make it work, how to store credit cards safely or how to tell patients about this new … [Read more...]
If you've read this blog long enough, and you've heard me speak at conferences, you know I'm a huge proponent of practices implementing a credit card on file policy. If you don't know what I'm talking about, I'm referring to the practice of asking patients to leave a credit card on file (with the practice) to cover balances that the health insurance companies deem patient responsibility. Much like a car rental company or a hotel requires a … [Read more...]
