• 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

The Private Practice Summer To-Do List


Surviving and thriving in private practice has become increasingly challenging. Tackle these 10 items over the summer to set your self up for success.

practice management, leadership

Surviving and thriving in private practice has become increasingly challenging. Juggling all the balls while earning a reasonable profit vexes even the most accomplished small medicine physician entrepreneur.

To stay ahead of the game, put these things on your summer to do list:

1. Be sure you understand MACRA-economics and have a plan to comply.

2. Review your revenue cycle management results and make the necessary adjustments to keep, not just collect, what you have earned.

3. Review your internal financial control system. Three-quarters of your employees steal at least once, and that is not the worst of it by any means.

4. Create and incrementally deploy a strategic communications plan.

5. Integrate a digical care strategy into your practice.

6. Take a two-week vacation.

7. Revisit your business model and consider appropriate service line extensions.

8. Check yourself for burnout by taking this test.

9. Read at least one book.

10. Start getting into the habit of creating entrepreneurial habits.

Don't forget to cover up in the sun.

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Victor J. Dzau, MD, gives expert advice
Victor J. Dzau, MD, gives expert advice