RX
Showing 225–240 of 263 results
-
Practice builders – Don’t let marketing fall by the wayside
Fall 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 420
Abstract: In the current economic climate, some private practice physicians may be tempted to cast their marketing efforts aside in order to save a dollar. It’s a bad idea. Rather than drop marketing, it’s important to become more creative at it. This involves gaining an understanding of the market in which one competes; choosing the best medium to appeal to that market; and synchronizing various marketing efforts with each other and with what is going on in the practice through annual, quarterly and monthly action plans.
-
Medical practice management 101 – How to assess financial health
Fall 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 704
Abstract: Most often, it’s assessing the financial health of their practice that eludes many physicians. Timely, accurate financial reports can be invaluable tools for assessing a practice’s financial health. Different reports used on a daily, weekly and monthly basis provide vital information for day-to-day management of a practice. Each kind of report offers different information that’s important to financial analysis. But good old-fashioned budgeting is also crucial.
-
Developing a hospitalist service offering
Fall 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 568
Abstract: The services that hospitalists perform have become so popular that the number of hospitalists is expected to reach 30,000 by the end of the decade. Entrepreneurial physician practices seeking to develop new revenue streams should consider developing a hospitalist services subsidiary. This separate entity would employ the hospitalists. But it’s important for a hospital to understand in advance how the subsidiary works and how to prepare a hospitalist for service, and ensure that both the hospital and hospitalists are in agreement on performance variables and how they will be measured.
-
Electronic dashboards – The latest gadget for measuring practice performance
Fall 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 818
Abstract: There’s a new tool that many physicians are finding superior to traditional financial statements — the electronic dashboard. Why are dashboards important? They’re designed to make financial indicators more comprehensible to physicians. In fact, they can be effective tools for engaging all staff members in reducing overhead and increasing profits. This article describes how electronic dashboards work, how to get started employing one, and what features to include. A sidebar looks at the costs of implementing a dashboard, whether in-house or through a third party.
-
Practice builders – Building a brand image
Summer 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 499
Abstract: Building a positive brand image starts with deciding which types of patients your practice wants to entice and then learning about their needs and expectations. You’ll need to size up your target market, and then decide what image you wish to convey to the wider world.
-
Vital Stats – HIPAA expands under HITECH
Summer 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 374
Abstract: The Health Information Technology for Economic and Clinical Health Act (HITECH) applies to certain “covered entities,” including physician practices and their “business associates” that do work for any entity that involves “protected health information,” or PHI. This short article describes the details, including significant monetary penalties for noncompliance.
-
More complicated than you think – Valuing a medical practice
Summer 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 679
Abstract: A new wave of purchases of physician practices, mostly by hospitals, is taking place around the country. Because of their numbers, size and purchasing power, hospitals are currently defining the standards for valuing the practices they buy. A practice’s sale price is typically based on the value assigned to it by a professional appraiser when there’s a strategic buyer. The value is made up of the practice’s tangible assets, cash, accounts receivable and goodwill.
-
Following the rules for CMS enrollment
Summer 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 621
Abstract: The procedure for physicians needing to enroll in Medicare has become both easier and tougher. It’s easier because the process now can be completed almost entirely online. At the same time, CMS is monitoring physician enrollment data more closely to cut back on the potential for fraud and abuse. Practices must file more frequently, but Medicare’s “PECOS” system makes the process easier. This article discusses the procedures involved.
-
Don’t take it sitting down – Fight back in troubled economic times
Summer 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 826
Abstract: The economic downturn is affecting the financial fortunes of many physician practices. A practice can cut expenses, but to improve its long-term financial position it must improve efficiency. This includes improvements in scheduling, better handling of no-shows, cross training, and more efficient management of physician time and office space. A sidebar offers additional tips.
-
Practice builders – A brave new world: Finding your way
Spring 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 573
Abstract: Consumer-driven health care is here to stay. So it’s critical that your practice understand how the various health plans work and the impact they’ll have on your patients — and your practice. This article delves into the issues surrounding high-deductible health plans, Health Savings Accounts and your billing process.
-
Vital Signs – Pay-for-performance can help improve productivity
Spring 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 164
Abstract: This issue’s “Vital Stats” offers information from the MGMA Physician Compensation and Production Survey, 2008 Report Based on 2007 Data indicating that appropriately aligned compensation can make a difference in productivity.
-
Good staff are hard to find – Tips for recruiting and retaining the best
Spring 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 710
Abstract: Physician practices are in competition with other practices, hospitals, and even third-party payors — not just for patients but also for staff. High-performing practices work hard to recruit the best staff candidates and then work even harder to retain them once they’re hired. This article explores the secrets of finding and keeping good staff members.
-
Maximizing income while controlling costs
Spring 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 802
Abstract: It’s becoming harder to make money practicing medicine. Payors are trying to push physician reimbursements down; operating expenses are moving relentlessly upward. You don’t need an MBA to understand the basic arithmetic of profits in a medical practice: They’re the net result of costs subtracted from income. So profits can be increased by either raising income or reducing costs. This article discusses how to achieve both.
-
How to assert more clout with health plans and hospitals
Spring 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 1094
Abstract: Over the last two decades, the health care industry has undergone steady consolidation toward a few very large institutions and, perhaps as a result of that trend, the medical profession has lost a lot of clout. Some physicians have surrendered to this trend and become employees of hospitals and managed care organizations. If you prefer to remain in private practice, there may be another option for you. But it requires achieving more “bulk” in the marketplace. This article explains how to get the clout you need. A sidebar offers tips on gaining even more bargaining power.
-
Practice builders – Taking the plunge into medical spas
Winter 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: To help boost revenue, some physicians are expanding their practices to include minimally invasive, cosmetic medical procedures. Dermatologists and plastic surgeons aren’t the only ones offering these services: Internists, ob/gyns and cardiologists are moving into the market, often providing the services through a separate facility configured as a “medical spa.” This is more than the expansion of an existing practice — it’s a new venture. Therefore, to help ensure its success, you must draft a formal business plan, based on market research and your short- and long-term goals. This article offers some tips.
-
Vital Stats – Satisfy your patients; earn more money
Winter 2009
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 168
Abstract: This issue’s “Vital Stats” takes a look at how patient opinions can positively affect physician salaries and practice revenues. Some interesting numbers published in the MGMA Performance and Practices of Successful Medical Groups: 2007 Report Based on 2006 Data back up that conclusion.