By Mark Norris There are typically three approaches considered when valuing a physician practice – market, income and asset-based. In theory, these are very similar to the approaches that a real estate appraiser uses when appraising. Within each approach, there are multiple valuation methods. The following summarizes the more common methods used. Market Approach Within […]
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Regardless of your level of wealth, failing to establish an estate plan can be detrimental to your family. Learn what documents are essential to avoid the most common estate planning mistakes.
Learn how you can sell your medical practice to achieve better results for both you and your patients.
Evidence-based medical practice began in the 1970s, but it wasn’t until 2006 that evidence-based design was introduced to facility guidelines to begin basing decisions about the built environment on credible research to achieve the best possible outcomes. Chase Brexton Health Service’s Clinic is an example of this approach, with exam rooms designed through extensive research to maintain client privacy, provide interaction between various medical service providers and save time and resources.
By Anthony Carabello and Ali Bechtel Various regulatory changes within the credit reporting industry will soon begin to have an effect on your practice’s receivables. Understanding them and ensuring compliance is key to maintaining recovery. These updates are a result of the Consumer Financial Protection Bureau’s (CFPB) civil investigations into credit bureaus and their high-volume […]
JATTU SENESIE, MD When a physician consistently feels unenthusiastic or cynical about practicing medicine, or driven to despair by the administrative burdens of caring for patients, they may be suffering from burnout. A 2012 article published in the Archives of Internal Medicine by T.D. Shanafelt, MD, et al., attempted to measure and report the rate of […]
As healthcare delivery models become more complex, and reimbursement transitions from fee-for-service to population health-based approaches, strong physician leadership is more essential than ever.
Making the shift to a VBC model is worth the time, investment, and implementation challenges. Dealing with those now puts providers ahead of the game, ready to receive additional incentives and avoid future penalties — while delivering better care at a lower cost to their patients.
WANDA SMITH It’s 7:30 a.m. and you have received a call from your front desk employee, who has strep throat. Your medical assistant is 8-1/2 months pregnant, and may deliver her baby at any time. You are holding your breath until she walks in the door. Your practice manager has several appointments today and is […]
Our healthcare system is at a crossroads; one that relies on market forces to spur innovation, or one that relies on a select few to set policy for the rest of us. Doctors who employ best practices, such as those used by top billing services, should be able to remain in control of their destiny.