Practice Finance

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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.

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.

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.