Subject(s)
Personnel Staffing and Scheduling/economics , Personnel Staffing and Scheduling/legislation & jurisprudence , Practice Management, Medical/economics , Practice Management, Medical/legislation & jurisprudence , Salaries and Fringe Benefits/legislation & jurisprudence , Workload , Efficiency, Organizational , Humans , United StatesABSTRACT
While contemplating physician group integration, providers should perform due diligence and ask questions in several key areas to ensure successful integrations: Financial--Is the group producing the revenue expected, and is the revenue cycle managed effectively? Statistical--What are the numbers of encounters, procedures, surgeries, and ancillaries? Compliance--Has the group developed and operated a sound compliance program, and has compliance been a priority? Succession--How many physicians are within three to five years of retirement?
Subject(s)
Group Practice , Organizational Affiliation/organization & administration , Purchasing, Hospital , Economics, Hospital , Group Practice/economics , Planning Techniques , Practice Valuation and PurchaseSubject(s)
Electronic Health Records/legislation & jurisprudence , Group Practice/economics , Health Care Reform/legislation & jurisprudence , Medicare/legislation & jurisprudence , Fee-for-Service Plans/legislation & jurisprudence , Group Practice/legislation & jurisprudence , Health Care Reform/economics , Humans , United StatesABSTRACT
A flexible budget model can prepare your practice and your profits for changes in revenue and expense streams.
Subject(s)
Health Care Reform , Practice Management, Medical/economics , Uncertainty , Models, Economic , Planning Techniques , United StatesABSTRACT
Restrictive covenants--also called noncompete clauses--in physician contracts can be a contentious issue, sometimes inspiring litigation. They pose many questions for medical practice administrators. Are restrictive covenants really necessary to protect a medical group? Are they ethical? Does their use deny medical care to patients? And how do they apply to medical practice administrators? This article reviews restrictive covenants from all these perspectives and provides a worksheet to figure your practice's protectable interests.
