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Medical Economics Insider: Save your practice

Check out our inaugural edition of our interactive publication, featuring in-depth reporting, expert insights, exclusive data, and more!

Medical Economics Insider: Save your practice

CME Content


Much of the hoopla has focused on a nearly 30% cut in rates in the proposed update to the physician fee schedule for 2012, even though Congress is likely to intervene to keep the reductions from being so severe. But, a provision calling for review of all of the evaluation and management (E&M) codes is likely to be more significant in the long term for primary care physicians.

Medical malpractice cases would be better managed with a mediation system that includes both parties being involved, not just the lawyers.

The ability to sell a practice is contingent upon finding someone who wants to be where you are, when you want to sell.

Selling your practice

Selling a medical practice always has been very individualized, but a little planning and preparation can simplify the process and help you get the most out of your sale.

The technology requirements to be recognized as a PCMH now closely mirror those needed to prove "meaningful use" of health information technology under the new healthcare legislation.

As of January 1, over-the-counter medications other than insulin need a prescription to qualify for reimbursement from an employer-sponsored flexible spending account or health reimbursement arrangement.

The issue of how long you will need tail coverage will turn on the statute of limitations to file a malpractice claim, which is controlled by state law.

Much has been written about the financial and practical use of electronic health records, but what impact is it having on the relationship with our patients?

Building profits

The death of a partner in practice forces physician to consider many facets of the practice operation, including the significance of accounts receivable.

Despite today's uncertain economic climate, two recent, surprising reports show that mergers and acquisitions are on the upswing.

Just in case you or your front desk staff had plans to take a vacation this summer, you may want to rethink that. Medicare has rolled out a major advertising campaign to get patients to visit you for an annual wellness visit and free preventive services. Since fewer than 20% of eligible patients used those services in the first half of the year, expect an onslaught of request for appointments.

Lack of capital, integrated systems and evidence-based treatment protocol data all play into the difficulty of creating an accountable care organization (ACO).The biggest challenge, however, is a personnel issue, and how physicians and hospitals will work together to resolve it.

When it comes to technology, an apple a day does not keep the doctor away. In fact, physicians prefer Apples?or, at least the Apple platforms that run the iPad and iPhone. Nearly 30% of physicians use an iPad?6 times more than general U.S. consumers?and more than 60% of physicians who use smartphones have an iPhone.