Banner
  • Revenue Cycle Management
  • COVID-19
  • Reimbursement
  • Diabetes Awareness Month
  • Risk Management
  • Patient Retention
  • Staffing
  • Medical Economics® 100th Anniversary
  • Coding and documentation
  • Business of Endocrinology
  • Telehealth
  • Physicians Financial News
  • Cybersecurity
  • Cardiovascular Clinical Consult
  • Locum Tenens, brought to you by LocumLife®
  • Weight Management
  • Business of Women's Health
  • Practice Efficiency
  • Finance and Wealth
  • EHRs
  • Remote Patient Monitoring
  • Sponsored Webinars
  • Medical Technology
  • Billing and collections
  • Acute Pain Management
  • Exclusive Content
  • Value-based Care
  • Business of Pediatrics
  • Concierge Medicine 2.0 by Castle Connolly Private Health Partners
  • Practice Growth
  • Concierge Medicine
  • Business of Cardiology
  • Implementing the Topcon Ocular Telehealth Platform
  • Malpractice
  • Influenza
  • Sexual Health
  • Chronic Conditions
  • Technology
  • Legal and Policy
  • Money
  • Opinion
  • Vaccines
  • Practice Management
  • Patient Relations
  • Careers

Introduction: Charting a course to success for your practice

Article

Medical Economics convened a panel of experts to discuss the things you can control to strengthen your medical practice to withstand factors beyond your control. We share their advice related to operations, practice valuation, front office matters, and accounting and finances.

Many things that affect your medical practice are beyond your control. Healthcare reform mandates. Medicaid eligibility rule changes. Tax increases. General economic conditions. The list goes on.

Another example of this reality is the roller coaster related to Medicare reimbursement that you and your fellow physicians rode-again-earlier this year. In June, a potential 21.3% cut turned into a 2.2% increase through November 30, but not before you endured 2 ½ weeks during which Medicare contractors, at the request of the Centers for Medicare and Medicaid Services, delayed processing claims at the reduced rate while Congress debated a solution-and another week during which contractors paid claims at the lower rate while a Senate-approved measure awaited House of Representatives approval and President Obama's signature.

It was in this environment of uncertainty that Medical Economics convened a panel of experts at the recent annual meeting of the National Society of Certified Healthcare Business Consultants. The experts came together to discuss the things you can control to strengthen your practice to withstand factors beyond your control. In this special section, we share their advice related to operations, practice valuation, front office matters, and accounting and finances.

Related Videos
Jennifer N. Lee, MD, FAAFP
© National Institute for Occupational Safety and Health
© National Institute for Occupational Safety and Health
© National Institute for Occupational Safety and Health
© National Institute for Occupational Safety and Health
© National Institute for Occupational Safety and Health
© National Institute for Occupational Safety and Health