Dissecting the business of a private pediatric practice for the purpose of examining its parts & discourse
Many experts and pundits are predicting that the downward pressure we are seeing in healthcare will claim small independent private physicians first. Those that are not affiliated or belong to a hospital or large healthcare network will not survive, say the pundits. The argument is that these small practices will not be able to withstand the financial and administrative pressures of the new healthcare landscape. Others very eloquently argue … [Read more...]
When we first opened our practice, we knew we needed to hire an office manager to handle paying the bills, managing the staff’s time of and buying all the office supplies. But we didn’t anticipate that we’d need a business manager. Soon after we opened, it was apparent that the practice needed a business manager – not an office manager – but a business manager. Medical practices are relatively complex businesses. And they generate … [Read more...]
