Medical Practice 10 Years from Now -- What Will Yours Look Like?
March 23rd 2010The 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.
Physician Business Ideas Flood my Brain Today
March 19th 2010If I were starting a new physician business today, I'd: create an online video program teaching the public all about low back pain; what aggravates a bad back, what activities to avoid, a full-on low-back stretching and exercising program...
Why Should Entrepreneurial Physicians Bother with Google Alerts?
March 18th 2010Google offers an amazing array of tools for physicians who make the most of the Internet to market and promote their practices or business. I haven't exploited most of them to anywhere near their fullest potential. However, one tool I have been using for some time is the Google Alerts tool.
Physician Business Owners Find (or Create) Happiness at Work
March 12th 2010I've long been a fan of Professor Srikumar Rao, the author of "Are You Ready for Success?" and the soon to be released "Happiness at Work: Be Resilient, Motivated, and Successful - No Matter What." I love the measured calm and reassurance of his written voice as he reminds us over and over about what really matters.
Financing College Means Saving Now or Borrowing Later
March 9th 2010Financing a college education involves more than simply writing a check for the cost of tuition, room and board. For starters, that's a pretty hefty check being written nowadays. How you obtain the funds to write that check requires research and careful planning, because there are options to consider.
Ignoring the Message, Loud and Clear
March 8th 2010We are reaching a critical juncture in the steamroll toward healthcare reform a majority of Americans don't want. The political arrogance of a President trying to ram through a sweeping legislative change by means of reconciliation is staggering. The willful disregard of an informed and engaged American public is sobering.
The Value of Financial Planning: Lessons from 40 Years in Banking
March 8th 2010The economy will recover eventually, but until then, how we manage depends on how we plan for the tough times ahead. The following advice is pretty basic, but it will keep you away from the financial fringes that so many people are clinging onto, unfortunately.
ARRA and Beyond: How to Select a Stimulus-ready EHR for the Life of Your Practice and Your Patients
March 8th 2010Now that CMS and the Office of the National Coordinator for Health Information Technology have released meaningful use criteria, physicians have a checklist for selecting the right HER to assure they'll meet the standards. And there's still time.
Apple Customer Service Provides Lessons for Physician Business Owners
March 7th 2010An e-mail exchange last week with an Apple customer service staff member about an iTunes account problem provided me with enough fodder to acknowledge just how impressive a company Apple is when you dig behind the perfect design of their products (despite my Android phone!).
The Financial Contract Every Practice Must Have...and Very Few Do
March 4th 2010A buy-sell agreement can prevent unwanted ownership, eliminate the need for negotiation with surviving spouses and/or children, and perform the role of a succession plan, providing for continuity or orderly succession of business management.