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J Med Pract Manage ; 18(3): 155-8, 2002.
Article in English | MEDLINE | ID: mdl-12534261

ABSTRACT

Contrary to conventional wisdom, which holds that compliance is often a net negative to a practice's financial performance, the fact is that compliance, operations, and the financial performance of a medical practice can all be simultaneously improved. This article will illustrate that the basic drivers of effective compliance are often the same fundamental business principles that lead to outstanding operations and enhanced financial performance. The lesson for medical practice managers is that if you improve compliance, you should actually improve your bottom line, not harm it.


Subject(s)
Efficiency, Organizational , Financial Management/methods , Guideline Adherence , Practice Management, Medical/economics , Accounts Payable and Receivable , Current Procedural Terminology , Fee Schedules , Financial Management/standards , Forms and Records Control/classification , Humans , Inservice Training , Insurance Claim Reporting/classification , Organizational Policy , Practice Management, Medical/standards , United States
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