Medical Practice 10 Years from Now -- What Will Yours Look Like?

The turgid healthcare debate has thrust into the limelight the inadequacies of the traditional practice model with its dependence for survival on high-overhead offices, health insurance and fee-for-service reimbursements. In order to prevail financially, medical practices are going to need to take stock of their business models and look to alternatives.

The turgid healthcare debate has thrust into the limelight the inadequacies of the traditional practice model with its dependence for survival on high-overhead offices, health insurance and fee-for-service reimbursements.

In order to prevail financially, medical practices are going to need to take stock of their business models and look to alternatives.

The good news: there are now many profitable, creative, alternative viable practice models in operation, and we are wallowing in an abundance of the kinds of low-cost web-based technology that can support re-engineered care delivery and medical practice operations.

The bad: it is unusual for physicians to receive the kind of formal residency-based education and training that would teach them the ins and outs of running a practice as an exercise in business. It's even less common that they are taught to think out of the box about their medical practice business model options. It will take a fresh mindset coupled with renewed energy to rethink the future. That's hard to come by when you are drowning in paperwork, unpaid claims and incomplete patient charts!

Okay then, here's the tough question: Where is your practice headed?

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