Healthcare
Showing 1–16 of 454 results
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Are you overlooking the implicit costs of your medical practice?
Fall 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 476
Abstract: A medical practice incurs a wide variety of costs over time. This article suggests that to get a better handle on these costs and perhaps identify ways to lower them, it can be helpful to divide them into two broad groups: explicit, including rent, salaries and lease payments, and implicit, which are costs caused by inefficiency or operational problems within the practice. It notes that these categories can help practices identify, track and analyze every type of cost that they incur.
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Look to your current patients to grow your practice
Fall 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 580
Abstract: Many medical practices focus their marketing efforts outward, trying to appeal to potential patients through a variety of strategies. But this article explains that a practice shouldn’t forget that current patients can be helpful as well. It points out that satisfied patients are often among the best sources of new business for medical practices. And practices that make every effort to ensure patients are happy with their care are more likely to retain them.
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The patient doesn’t always know best – How to “treat” medical misinformation
Fall 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 723
Abstract: Medical misinformation has always been around. Historically, many people have relied on superstitions and folk remedies to address illnesses. Then came the internet and, with it, a never-ending array of dubious “health care” articles. This article offers some strategies for handling patients who come in with medical misinformation, including monitoring and identifying consistently cited sources of misinformation and directly addressing patient fears. It emphasizes the usefulness of patience and good communication skills in fighting medical misinformation.
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Building your medical practice’s brand
Fall 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 877
Abstract: In the business world, buying decisions are greatly affected by the effectiveness of branding. Branding is about creating an emotional connection with customers and prospects, persuading them to feel good about supporting the company in question. This article points out that all of this also holds true for medical practices. A medical practice’s brand should differentiate the practice from competitors and instill a deep sense of trust in patients regarding the care they’ll receive. A sidebar lists four questions to help evaluate a brand’s effectiveness.
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Head off potential litigation – Use notes and documentation to avoid problems
Summer 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 481
Abstract: For physicians, taking good notes and creating full and complete documentation on each patient is important — both for providing optimal care and as a shield against lawsuits or other inquiries. This article offers some tips on good recordkeeping practices, such as including images in notes and documenting the thinking behind each diagnosis — including the recommended treatment plan. The article points out that the extra time physicians spend on writing longer, more detailed notes will pay off in better, more comprehensive patient care and less litigation risk.
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7 common website mistakes
Summer 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 695
Abstract: Every medical practice should have a website. It’s how new patients find physicians and how existing patients check for office hours, the practice’s phone number and other essential information. A website creates a practice’s first impression and serves as an ongoing point of contact. This article details seven website mistakes physician practices should avoid, including not using a custom title tag, not using a custom meta description and not providing links to other sites. The article notes the importance of regularly updating the content and being sure the website runs as smoothly as possible.
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Reviewing the retirement planning provisions of SECURE 2.0
Summer 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 718
Abstract: At the end of 2022, the Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0 was passed. It contains various provisions that physicians should be aware of concerning retirement savings — both for their own sake and for that of employees who participate in their employer-sponsored retirement plans. This article contains a brief review of some of these provisions, including new rules regarding required minimum distributions and catch-up contributions, among other things.
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How can physicians avoid the pitfalls of practice leadership?
Summer 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 911
Abstract: Even experienced physicians are often caught off-guard by the many pitfalls of managing a medical practice when they reach that point in their careers. Whether someone is a newly practicing physician or has been providing care for years, any physician needs to step carefully when taking on a leadership role at a medical practice. This article looks at four areas where physicians new to practice leadership tend to encounter serious challenges, including employment contract terms, potential fraud and abuse, and spotting and reporting compliance risks. A sidebar discusses the ins and outs of termination clauses and restrictive covenants.
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Bedside manner matters – 5 strategies for dealing with difficult patients
Spring 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 459
Abstract: It doesn’t happen often, but when a patient crosses the line and becomes rude — or even abusive — to medical practitioners and staff, it can create a troublesome situation. This article offers five strategies for dealing with difficult patients, including listening, identifying the problem, staying in control and encouraging positivity.
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What does your staff want from you?
Spring 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 676
Abstract: Finding the answers to what staff members want from their jobs can be highly beneficial for the long-term stability and profitability of a medical practice. This article explains that what the staff wants may vary depending on the size and specialty of the practice, as well as other factors. But among some commonly held staff “wants” are open communication, honest feedback and to be treated with respect. The article highlights the importance of ensuring staff wishes are considered to help a practice attract, hire and retain the best people.
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Keeping up with cybersecurity is essential to HIPAA compliance
Spring 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 691
Abstract: Both as a result of the COVID-19 pandemic as well as other developments in the medical arena, practices have increasingly relied on technology, including the much wider use of telehealth as well as electronic health records. This article notes that though technology is giving physicians, medical staffs and patients much easier access to critical information, it’s also opened the door for fraudsters and hackers to steal or corrupt this data. The article discusses why it’s important to continue to follow the latest protocols for handling protected health information.
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Tax planning for medical practices – Learn the details of depreciation before buying equipment
Spring 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 928
Abstract: In a volatile economic environment where every dollar counts, a medical practice’s leadership needs to know the distinction between traditional tax deductions and depreciation-related tax breaks. This article points out that two longstanding depreciation-related tax breaks — the Section 179 deduction and bonus depreciation — may offer an exciting tax-saving opportunity, and discusses how these tax breaks can work in a medical practice context. A sidebar explains whether the Sec. 179 deduction applies to vehicles.
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Protect your practice from the many forms of fraud
Winter 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 575
Abstract: It’s estimated that the average organization loses 5% of its annual revenue to fraud. Physician practices are no exception. Various types of malfeasance can not only hurt a practice financially, but also severely damage its reputation. This article explains the importance of protecting a medical practice against fraud by employees, vendors, patients and other individuals. The article suggests several preventive measures that may help, including implementing strong internal controls and cross-training.
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Should you use social media as a marketing tool?
Winter 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 488
Abstract: Social media marketing isn’t for every practice. But if used carefully and skillfully as a marketing tool, social media can be a relatively inexpensive way of reaching current and prospective patients. This article looks at the pros and cons of using social media, and lists some essential best practices to ensure the optimum outcome. The article notes that to stay competitive in today’s sophisticated technological environment, many medical practices have established a social media presence.
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How to pick a new practice associate or partner
Winter 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 748
Abstract: Sooner or later, a growing medical practice will need to take on another associate or partner to support that growth and keep the practice profitable long term. Of course, there is always a risk of picking the wrong person and throwing a wrench into the works. This article offers some ways to help ensure a mutually beneficial and successful working relationship, including asking pertinent questions and choosing the right compensation structure.
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Shooting for the stars – Use positive reviews to attract new patients
Winter 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 869
Abstract: As business is increasingly conducted virtually, whether it involves shopping, banking or medical visits, among the best ways to attract new patients to a practice is via online reviews. Online reviews from other consumers — or patients — provide guidance that many people trust. This article suggests that medical practices should request online reviews as part of patient surveys. It points out that just as businesses rely on surveys and online reviews to market themselves and improve their products and services, physician practices can do the same. A sidebar provides some sample review questions.