Private equity firms show appetite for medical practices
February 10th 2016Private equity deals for physician-led practices continued to grow in 2015, and experts say the trend should seep into more types of practices as buyers look to roll them up through economies of scale. So how do these deals compare with selling to a hospital or large group, and what are the financial mine fields to avoid?
Are direct-to-consumer ads helpful or harmful?
February 10th 2016The flow of direct-to-consumer advertising for the latest wonder drugs is constant and seemingly endless. TV, Internet and print ads captivate consumers with tales of medicines that can solve their health issues and improve their lives. But opinions vary about whether DTC advertising is helpful or harmful, not only for patients but for physicians.
Mistakes doctors cannot make when buying or selling a practice
February 10th 2016In the process of buying or selling a practice, emotional issues can sometimes overwhelm financial ones. Fear of losing autonomy or worry over inevitable culture clashes often crowd out basic financial considerations, but it’s crucial not to overlook them.
Why clinical integration is vital
February 10th 2016Medical care in America is fragmented. Independent private practice means that every physician does his or her part in the care of patients. Other healthcare providers, such as physical therapists, do their part. All have their own medical records. All charge their fees. Somehow patients navigate their care among various providers.
How social media can help promote your practice
January 27th 2016Social media is more powerful than you think. It has become increasingly common for patients to find their physicians online. Creating a positive online presence can be one of the easiest ways to market your practice and make a lasting impression on patients.
Can technology improve adherence?
January 25th 2016Doctors put a great deal of thought and effort into developing treatment plans for patients, but typically have no way of knowing-beyond results at follow-up appointments-whether the patient is actually following it. But advances in technology are giving physicians and their staff new tools for improving and tracking patient adherence.
Not married? Protect your finances stat!
January 25th 2016Unmarried couples are facing new pressures to tie the knot now that same-sex unions have been federally legalized and some companies are planning to repeal benefits unless couples are legally married. And yet, many singles seem to be resisting marriage.
7 indicators to optimize your practice's revenue
January 25th 2016Within many physicians practices, there is a relatively untapped resource for optimizing revenue-business operations data. There has never been a better time to dive into this type of data-it can show both areas of strength and opportunities for improvement.