Business Of Medical Practice

Author : Neil Baum,Marc J. Kahn
Publisher : Springer Nature
Page : 209 pages
File Size : 53,6 Mb
Release : 2019-11-20
Category : Medical
ISBN : 9783030277765

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The Business Basics of Building and Managing a Healthcare Practice by Neil Baum,Marc J. Kahn Pdf

This book is intended to be a roadmap towards a successful practice for medical students, residents, fellows, and doctors. This roadmap focuses on how to build and manage a medical practice, and can be applied regardless if the reader is employed, joins a small group, or if they are a doctor who decides to start their own practice. Part I covers the basic business concepts that every physician needs to know. Chapters emphasize the benefits that accrue to a physician who understands the basics of business. Part II provides a guide for doctors who are beginning a medical practice. The chapters define the various options for doctors’ employment such as solo practice, group practice, and academic medicine. The section also includes the process of negotiating contracts, identifying the advisers who help physicians become successful, and secure within their field and practice. The final part emphasizes strategies on how to build and grow a successful practice by covering topics such as hiring staff, employee motivation, creating a brand, gaining recognition, online reputation and presence, crisis management, integrating new technology, and work/life balance. The Business Basics of Building and Managing a Healthcare Practice serves as a valuable resource that helps doctors make a difference in the lives of their patients, as well as help them make good financial decisions.

Author : Ray Stanbridge
Publisher : CRC Press
Page : 0 pages
File Size : 55,7 Mb
Release : 1999
Category : Family medicine
ISBN : 1857752236

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The Business of Private Medical Practice by Ray Stanbridge Pdf

Private medical practice is an attractive option for career development. In the United Kingdom it forms a significant industry, yet little has been done to assist medical consultants in managing their businesses. This book gives clear advice to all medical practitioners on both business management and performance. It outlines ways to improve financial performance and economic efficiency in a constantly changing market. It reveals some of the 'secrets' of the successful business professional, and relates business management theories and techniques to real day-to-day problems. Written by a practising accountant and business advisor, this book provides help with finance, banking, taxation, staffing, marketing, medical insurance companies, and business planning, and considers future developments. It is essential for all those contemplating or currently working in private medical practice, and valuable to business, legal and financial professionals servicing this field.

Author : Peter D. Lucash
Publisher : CRC Press
Page : 128 pages
File Size : 46,5 Mb
Release : 2011-10-17
Category : Business & Economics
ISBN : 9781439855317

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Medical Practice Business Plan Workbook, Third Edition by Peter D. Lucash Pdf

How does a medical practice thrive in a business environment where the margin of management error has all but disappeared? Profit margins are being squeezed by declining reimbursement rates, capitation plans, gamesmanship on the part of the payors, and increasing operating costs. Addressing the specific needs of today’s medical practice, Medical Practice Business Plan Workbook, Third Edition supplies a detailed and ordered work plan to tackle some of the most pressing issues facing the field. Peter D. Lucash delves into decades of experience helping physician groups develop business plans to guide you along the process of building the profitable practice you want and deserve. This updated edition of a bestseller begins with a review of the fundamentals, including the questions your plan should answer, how to get started, how to organize and develop your plan, and the staff support and resources you will need. Complete with a wealth of helpful sample plans and worksheets, this workbook: Reflects recent changes in the healthcare industry, including federal healthcare reform Offers a one-of-a-kind design and approach tailored to the medical practice Covers conceptualization, organization, and implementation of your business plan This updated edition reflects current and forecasted challenges for practices, including the Affordable Care Act, data security, and quality and outcome measures. It supplies detailed coverage of the different types of organizations, governance and management, personnel needs, key business relationships and contacts, demographics and economic factors, patients as customers, competitor analysis, marketing, information technology, disaster and business continuity planning, and financial strategies. The final section outlines a process for implementing your plan. Sticking to this process will help ensure your plan covers what is needed to succeed in today’s complex medical environment. Visit www.Lucash.com for videos and other resources to help you develop and implement your practice business plan.

Author : Neil Baum,Roger G. Bonds,Thomas Crawford,Karl J. Kreder,Koushik Shaw,Thomas Stringer,Raju Thomas
Publisher : Springer
Page : 277 pages
File Size : 43,7 Mb
Release : 2015-01-02
Category : Medical
ISBN : 9783319110950

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The Complete Business Guide for a Successful Medical Practice by Neil Baum,Roger G. Bonds,Thomas Crawford,Karl J. Kreder,Koushik Shaw,Thomas Stringer,Raju Thomas Pdf

This text provides physicians with the basic business skills in order for them to become involved in the financial aspect of their practices. The text will help the physician decide what kind of practice they would like to join (i.e. private practice, small group practice, solo practice, hospital employment, large group practice, academic medicine, or institutional\government practice) as well as understand the basics of contracting, restrictive covenants and how to navigate the road to partnership. Additional topics covered include, monthly balance sheets, productivity, overhead costs and profits, trend analysis and benchmarking. Finally, the book provides advice on advisors that doctors will need to help with the business of their professional and personal lives. These include accountants, bankers, lawyers, insurance agents and other financial advisors. The Complete Business Guide for a Successful Medical Practice provides a roadmap for physicians to be not only good clinical doctors but also good businessmen and businesswomen. It will help doctors make a difference in the lives of their patients as well as sound financial decisions for their practice.

Author : Marlene M. Coleman,Judge William Huss
Publisher : Sourcebooks, Inc.
Page : 274 pages
File Size : 47,5 Mb
Release : 2006-12-01
Category : Business & Economics
ISBN : 9781572487956

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Start Your Own Medical Practice by Marlene M. Coleman,Judge William Huss Pdf

After years of school and maybe even after some years of practice, you are ready to do it on your own. Running a profitable business takes more than just being a great doctor. Start Your Own Medical Practice provides you with the knowledge to be both a great doctor and a successful business owner. Whether you are looking to open a single practice office or wanting to go into partnership with other colleagues, picking the right location, hiring the right support staff and taking care of all the finances are not easy tasks. With help from Start Your Own Medical Practice, you can be sure you are making the best decisions for success. Don't let a wrong choice slow down your progress. Find advice to: --Create a Business Plan --Manage the Office --Raise Capital --Bill Your Patients --Market Your Practice --Build a Patient Base --Prevent Malpractice Suits --Keep an Eye on the Goal With checklists, sample letters and doctor's office forms, Start Your Own Medical Practice teaches you all the things they didn't in medical school and gives you the confidence to go out and do it on your own.

Author : Ronald V. Bucci
Publisher : Springer Science & Business Media
Page : 199 pages
File Size : 44,6 Mb
Release : 2014-03-18
Category : Medical
ISBN : 9783319040608

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Medicine and Business by Ronald V. Bucci Pdf

This book is designed to provide physicians with the information they need in applying business management skills to their medical practice. It covers management and leadership practices, financial planning and execution, hospital governance, managed care, marketing activities, and medical business law. Written for the physician in easily understandable language, it describes each concept, delineates its applications in various practice environments and provides insight into the future developments in each sector.

Author : Sarah Bartholomeusz
Publisher : Unknown
Page : 208 pages
File Size : 44,9 Mb
Release : 2018-05-09
Category : Business & Economics
ISBN : 1925648753

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Growing a Medical Practice by Sarah Bartholomeusz Pdf

Is your medical business due for a business medical? Have you started a medical business, but found that working harder isn't working? Do you want to know what's holding back your business? Have you always been the smartest person in the room, but somehow you just can't seem to get on top of everything? Many medical professionals feel like they've been studying their whole life, through Medical School and specialist training, but despite all that study they have never learned how to be a successful business owner. They build a business around their medical skills, but despite their high level of medical achievement they feel like their finances, overall stress levels and personal life are suffering, and they don't know where to start to fix it. If this sounds like you, Growing a Medical Practice will take you from analysis paralysis to confident action in making your business compliant and more manageable in a sustainable way. Readers will be able to create structures in their practice that mean they can effectively delegate, focus on their patients, and feel like a high-performance medical practitioner and business owner. In this comprehensive book you'll learn about: why medical training does not prepare most doctors to lead a business how mindset affects everything you do in your practice understanding what a healthy business looks like how to set up a medical business to grow contributing to your community. Growing a Medical Practice: From Frustration to a High Performance Business provides a step-by-step formula to streamline your practice. If you really want to stop worrying about your medical business and focus on your zone of genius where you know you make the biggest difference to the largest number of people then this is the book for you.

Author : Steven M. Hacker
Publisher : Nano 2 Business Press
Page : 126 pages
File Size : 50,6 Mb
Release : 2010
Category : Business & Economics
ISBN : 9780615407135

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The Medical Entrepreneur by Steven M. Hacker Pdf

"A comprehensive primer on the business skills essential for physicians."- Kirkus Reviews"A doctors' guide to entrepreneurship..."- Kirkus ReviewsThis is the new third edition (2015-2016) of the most popular business and practice management book for physicians, medical students and medical residents. Thousands of doctors and entrepreneurs have bought this book before joining a group or starting their own practice or entrepreneurial venture. The brand new third edition contains NEW FORMATTING AND NEW MATERIAL for the same low price as past editions. This third edition includes a bonus section to help entrepreneurs and doctors source out specific vendors' and their products and services to get a jumpstart on your business or medical practice. WARNING AND ADVICE for Doctors & Medical students and entrepreneurs: BEFORE JOINING A GROUP PRACTICE OR STARTING A NEW BUSINESS, DO NOT SIGN ANY CONTRACTS UNTIL YOU HAVE FINISHED READING THIS BOOK.This book is written to help doctors, medical residents, medical students, and physicians in private practice and academia avoid costly business mistakes in their post medical school career. It is uniquely written from the perspective of a successful physician entrepreneur. Busy doctors with little time can quickly access critical cost saving information when joining or starting a private practice. Topics include everything from how to set up a practice, sign a contract with another group, hire another doctor, contract with insurance companies, understand health regulations including the HITECH stimulus act, how to qualify to receive stimulus funds, billing in the office, hiring and firing personnel, picking a location, obtaining hospital privileges, applying for the required licenses, electronic health records, practice management software, health technology in the office, how to protect your estate, liability issues, marketing and public relations, design of the medical office and more. Also written for the physician entrepreneur, the book explains how to raise capital, term sheets, understanding venture capital, board of directors, incorporation election issues, how to understand financials, balance sheets, negotiations, hiring the management team, how to take an idea and turn it into an operating business, how to protect your intellectual property, copyrights, trademarks, patents, customer acquisition and how to deal with a business when things go wrong. The book covers much more and includes expert "stat consults" or opinions from corporate attorneys, intellectual property attorneys, board certified health care attorneys and estate attorneys.

Author : Neil Baum,Marc J. Kahn,Jeffery Daigrepont
Publisher : Springer Nature
Page : 261 pages
File Size : 41,6 Mb
Release : 2023-08-31
Category : Medical
ISBN : 9783031376238

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The Business of Building and Managing a Healthcare Practice by Neil Baum,Marc J. Kahn,Jeffery Daigrepont Pdf

Building on the foundation of the previous edition, this book takes readers to the next level of management of medical practices for the 21st century. The road to becoming a physician is not an easy one to travel, nor does it become easier once a doctor completes his\her training. After a long and arduous training process, doctors embark on their professional journey, and there are major crossroads that are fraught with challenges, unknowns and risk. The transition to professional practice is daunting, and many physicians leave their training unprepared for the business of medicine. Even at the peak of their careers, sustaining a successful and profitable practice is not easy. Opening chapters revisit the basic business concepts that every physician needs to know, emphasizing the benefits that accrue to a physician who understands the basics of business, from accounting and contracts to managing people and personal finances. The next set of chapters offers a roadmap for doctors who are beginning a medical practice and will include new methods and procedures that have become available since the original edition, defining the various options for doctors’ employment such as solo practice, group practice and academic medicine. The final chapters emphasize strategies on how to build and grow a successful practice, including the use of technology and telemedicine, cybersecurity, marketing and much more. Unfortunately, not every doctor has the background, training and skills to manage a medical practice. The Business of Building and Managing a Healthcare Practice simplifies the process of business management and provides the practicing physician with knowledge to be able to enjoy the business component of his\her medical practice.

Author : Edward Gulko
Publisher : Medical Group Management Assn
Page : 100 pages
File Size : 55,5 Mb
Release : 2006
Category : Group medical practice
ISBN : 1568292414

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Business and Clinical Operations by Edward Gulko Pdf

Grasp the foundational knowledge of business and clinical operations with this book - part of the Medical Practice Management of Knowledge Review Series. This book provides a review of the basic skills needed in medical practice, focusing on the operations and highlighting key concepts, tasks, terminology, and regulations, and offering key resources.

Author : Barbara Galutia Regis, M.S., PA-C
Publisher : Outskirts Press
Page : 155 pages
File Size : 50,8 Mb
Release : 2018-11-21
Category : Medical
ISBN : 9781478760498

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Surviving the “Business” of Healthcare - Knowledge is Power! by Barbara Galutia Regis, M.S., PA-C Pdf

Healthcare has changed immensely over the past few generations—house calls from a local family doctor are a thing of the past, and the deeply personal relationships and bonds between provider and patient are eroding with the demands of for-profit insurance. As a family practitioner focused on cradle-to-grave care, author Barb Regis has a valuable perspective on how patients can experience better outcomes. Topics addressed in this information-packed book include how to choose a primary care physician, how to plan for catastrophic healthcare costs, how to comparison shop for medication, and how to be an effective advocate for yourself and loved ones. As the daughter of a busy family doctor, Barb also shares vivid anecdotes from her childhood which illuminate the heart of a doctor’s calling and demonstrate how insurance can dictate and interfere with quality of care. This book is a must-read for everyone who wants to make informed, effective decisions about healthcare—knowledge is power!

Author : American Medical Association. Division of Medical Practice
Publisher : Unknown
Page : 69 pages
File Size : 53,5 Mb
Release : 1977
Category : Medicine
ISBN : OCLC:3105257

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The Business Side of Medical Practice by American Medical Association. Division of Medical Practice Pdf

Author : Kathleen Montgomery,Wendy Lipworth
Publisher : Routledge
Page : 225 pages
File Size : 48,9 Mb
Release : 2018-09-05
Category : Business & Economics
ISBN : 9781351362306

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Medical Professionals by Kathleen Montgomery,Wendy Lipworth Pdf

Medical Professionals: Conflicts and Quandaries in Medical Practice offers a fresh approach to understanding the role-related conflicts and quandaries that pervade contemporary medical practice. While a focus on professional conflicts is not new in the literature, what is missing is a volume that delves into medical professionals’ own experience of the conflicts and quandaries they face, often as a result of inhabiting multiple roles. The volume explores the ways in which these conflicts and quandaries are exacerbated by broader societal forces, including changing scientific and technological paradigms, commercialization, and strengthened consumer movements, which simultaneously expand the scope of roles and responsibilities that medical professionals are expected to fulfill, and make it more difficult to do so. Several empirical chapters analyze data from qualitative interview studies with clinicians and other stakeholders. The studies highlight the burdens on clinicians who are expected to make informed and justified judgments and decisions in the midst of competing pressures; authors describe the methods that clinicians use to address the associated tensions within specific contexts. Two conceptual chapters follow and offer some innovative ways to think about the challenges facing medical professionals as they strive to make sense of the changing landscape within healthcare. The first reflects on the challenges to clinical practice in the midst of shifting and often competing definitions of disease and associated ideologies of care. The second reflects more broadly on the utility of value pluralism as a framework for conceptualizing and working through moral and professional quandaries. The book concludes with a chapter containing suggestions for how members of the medical profession might reframe their thinking about their roles, responsibilities, and decision-making in the midst of inevitable quandaries such as those presented here. This book will be of vital reading for academics, researchers, educators, postgraduate students, and interested health care practitioners and administrators.

Author : Roger Gruneisen
Publisher : CRC Press
Page : 239 pages
File Size : 42,6 Mb
Release : 2019-10-16
Category : Medical
ISBN : 9780429802164

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Medical Clinics and Practices by Roger Gruneisen Pdf

A hospital can be a private or public sector building where patients are admitted for acute treatment. On the other hand, a clinic is a hub of healthcare activity and a place where care providers interact with patients, prescribe medicine, and provide care instructions on what to do after leaving the clinic. Both sites have different and specific operational management needs and requirements. This book serves as a guide to new consultants, management engineers, administrators, and sales professionals seeking to assess simple clinics or medical practice operations. In addition to providing important information about the various aspects of managing a clinic or medical practice, each chapter explains common operating practices seen today and gives some indication of good or better practices. To organize the chapter flow, the chapters are simplified into the typical flow of how a patient moves through the system from patient access to registration to discharge and is presented in a ‘Fact Finder’ format. In this format, the author answers important questions: What is a care team? What kind of physical space does the practice need? What about equipment and technology needs? Finally, the author concludes with key infrastructure concepts, such as leadership and management systems, integration into larger systems, and key measurements. All topics important to those working in or servicing the ambulatory market.

Author : Jeffrey T. Gorke
Publisher : Greenbranch Pub Llc
Page : 155 pages
File Size : 44,6 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 0981473806

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The Physician's Guide to the Business of Medicine by Jeffrey T. Gorke Pdf

Nationally known healthcare consultant Jeffrey Gorke translates his 20 years of experience into a winning playbook for joining, starting or running a "dream" practice. Packed with tips, insights and action-oriented tools, this fast-paced guide helps readers rapidly master the language, players, management structures and culture issues and use what they've learned to ask all the right questions in identifying, seeking and landing the absolute best job. Learn how to size up location, compensation, work-life balance, and the freedom to practice medicine! NOTEWORTHY FEATURES - A comprehensive, step-by-step check list makes sure you cover every question in the practice-selection process and lets you do revealing side-by-side comparisons of all the practices under consideration. - Practical tips and reality checkpoints on what to expect in the private practice setting. - Instant financial mastery: Spreadsheets and graphical presentations make it easy for readers to evaluate business and financial data to learn what's really happening in a practice — and what questions you'll need to keep asking if you decide to join. - Clear action steps: How to evaluate factors such as a practice's location or culture and what plusses and minuses to look for in terms of managers, consultants, and business structure. - And a Bonus! Illustrative real-life anecdotes from the medical practice trenches.