Practice Finance

As primary care practices consider transforming to the Patient Centered Medical Home framework, one of the key concepts is increasing practice availability to patients. Adding nontraditional hours is worth exploring to meet patient needs and increase profitability.

High-quality care and efficiency – Those are the two points that the Centers for Medicare and Medicaid Services (CMS) emphasized with the release of its 2014 Medicare Physician Fee Schedule.

New compensation models will be key as payers look to reward quality vs. volume

The author proposes a new way of paying for healthcare that keeps elements of the fee-for-service model but also takes outcomes into account.

The number of urgent care centers in the United States is growing, and many physicians see expansion into urgent care services as an opportunity to grow their practices.

Physician practice owners took a pay cut last year, according to the results of the 85th exclusive Medical Economics Continuing Study, an annual survey that examines physician earnings.

A look at the median income of primary care physicians, using data from the 85th annual Medical Economics 2013Exclusive Continuing Study, which collected responses from physicians about their professional life.

Doctors are benefitting from more companies entering the malpractice market, but the Affordable Care Act could end the slide

Trends in medical malpractice premiums for primary care physicians from the 85th annual Medical Economics Continuing Survey

After a series of negative media reports, the American Medical Association (AMA) is finally taking measures to make its RUC committee less opaque.

A carefully selected retirement plan can provide financial security for owners and employees while lowering a practice’s tax burdens

It's important to know if your EHR company is in it for the long haul.

With all of the changes facing healthcare, including the increased bureaucracy and frustration, buying a medical practice may seem like more trouble than it’s worth. However, many experts agree that now is a good time to consider buying.

Should you offer financing of your medical services to your patients? Keep in mind that medical bills are reportedly the number one reason for personal bankruptcies in the United States.

Fees aren’t going up, but many of your medical practice expenses are. Look to greater efficiencies to eke out more from reimbursements.

Student loans, debt, underemployment and unemployment are factors in why #younginvincibles may not sign up for health insurance through exchanges.

Whether you are a novice or a seasoned negotiator, payer contracts can be complicated and difficult to interpret, even with an attorney or consultant by your side.

Is the new trend of focusing on nutrition, fitness, and other wellness goals profitable for your practice?

Sifting through the many banking options can make it difficult to find a financial institution that understands the needs of a medical practice.

Let me tell you how “Lean,” also known as the Toyota Production System, transformed my clinical practice from a hectic, stressful, and unpredictable experience to one that runs smoothly and became a paragon of efficiency, safety, and quality.

Determine whether your practice will make a profit from buying or leasing equipment by using this ROI calculator

A reader responds to an article describing ways to save for childrens' college expenses.

Oct. 14, 2014, is the compliance date for ICD-10. That looming deadline has many physicians anxious about the amount of training that will be required. In the Medical Economics webinar, “ICD-10 Expert Views on Preparation,” three panelists discussed some of the major implementation concerns for physicians and offered advice to help them get started.

About one in five Americans will become disabled for 1 year or more before age 65, with the average disability lasting 30 months. Long-term disability policies can provide you with income if you are injured or become ill.

You might think that a limited liability company (LLC) will just help provide tax benefits. Discover the other benefits that LLCs can provide.

A new report shows that median first-year guaranteed compensation for primary care physicians rose about 3% last year to $180,000.

For physicians who are searching for a new position, whether it's in a hospital or private practice, the long list of things to consider can be overwhelming.

Paying for children’s education is one of the two major financial hurdles most physicians face. With college getting ever more expensive, it’s important to start accumulating a college nest egg as early as possible.

There's only problem with CNN"s recent attention-grabbing article on physician practice bankruptcies: We have no idea if its basic premise is even true.

For a long time, buying real estate was a solid investment and even a potential way to fund retirement. Here's why you need to be careful with how you invest.