MEDICAL
5 Cost-saving tips when starting a medical practice
By: MedicalDirector.com — Starting your own medical practice can be exciting, but for a practice to have healthy cash flow, and to scale and grow, you need to identify and plan for all your start-up costs – so you can avoid as many surprises as possible. In MedicalDirector’s latest ebook, ‘The Smart Guide to Starting a Medical…
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Starting a Medical Practice? Get These 4 Insurance Policies
Article written by: IVAN WIDJAYA — After years of medical school and practicums spent under the tutelage of mentor physicians, young but certified medical professionals are ready to open their own practices. It’s the opportunity to spread your wings, be your own boss, and earn a substantial living. You shouldn’t launch a medical practice without certain protections,…
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Five Ways to Revamp Your Waiting Room This Year
Article written by: SMITHA GOPAL — You may not give your waiting room much thought, but your patients certainly do. Not only that, but they’re sharing their opinions with the world on social media. Really! A quick Twitter search for “doctors waiting room” reveals people complaining about long wait times, uncomfortable surroundings, and a lack of privacy,…
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How to Start Your Own Medical Practice: Part Two
By: SMITHA GOPAL— In our last post, we took a look at some of what’s involved in starting your own medical practice from a business perspective. In this post, we’ll discuss other important elements to consider once you become your own boss, from staffing to marketing to patient care. Once you’ve secured funding, found a good location,…
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How to Start Your Own Medical Practice: Part One
By: SMITHA GOPAL— Decades ago, most doctors graduated medical school and opened their own practices. These days, however, it’s more common for young physicians to take jobs working for large health systems or hospitals. The number of physicians in solo practice was just over 17 percent in 2014, down from more than 40 percent in 1983,…
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5 business plan mistakes to avoid when starting a medical practice
By: MedicalDirector.com — A strategic approach to your business plan can ensure your medical practice is not only up and running smoothly, but continues to grow and achieve optimum patient outcomes. Avoid these common pitfalls and you’ll be on your way to getting your exciting new practice off the ground. 1. An ill-determined business structure When…
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The Doctor is in: Healthcare is the New Retail
By: INDUSTRY INSIGHTS (commercialobserver.com) — There was a time not long ago when you could spend a leisurely afternoon at Park Avenue and 57th Street browsing for books at the local Borders Books outlet. If you go to that location now, you’re probably there for health-related reasons. With the transition to e-commerce, it’s little surprise that Borders,…
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The Journey to a Successful Practice
By: James G Chelnis, MD — For most ophthalmologists, our training often skips over the tools we need to start a practice. This panel was designed to educate budding ophthalmologists on what it takes to start a business, build a practice, and evolve into a successful ophthalmologist. Drs. Ho Sun Choi, Sean Paul and Sandy Feldman have…
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Cost vs Reward of Opening a Medical Private Practice
By: Doctorly.org — COST VS REWARD OF OPENING A MEDICAL PRIVATE PRACTICE Although considered one of the most challenging endeavors in the health care field, starting a medical private practice is also viewed as one of the most rewarding accomplishments for a physician or medical professional. The ability to make decisions and provide treatment that…
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Protecting Your Practice: Fraud, Theft, & Embezzlement
By: Kara D. Kelley, SHRM-CP, Parkhurst & Associates CPA PC — Take a minute to Google the search phrase “Receptionist forging prescriptions.” You should pull up about 614,000 results. Now search for “office manager theft.” You’ll likely get about 1.2 million results. The first pages of both of these searches are filled with articles about…
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