Medical office managers are often so focused on the day-to-day that it can be easy to lose sight of the big picture. That big picture is profitability—because, without it, the practice will not remain in business. Although profitability isn't rocket science—after all, only rocket science is rocket science—it does require attention to detail, or what Medical Office Manager … [Read more...] about 6 key ingredients of a profitable medical practice
Purchasing and leasing
Try these no-cost ways to boost staff morale
To have good employees, an office "has to treat people right," says Sabrina Hebert, manager of Northlake Surgical Associates, a five-physician, 12-staff office in Covington, LA. And her office does that by giving benefits that are a bit out of the ordinary, are well appreciated – and cost little or nothing. The favorite is gift cards. At $0 cost. Herbert buys them with the … [Read more...] about Try these no-cost ways to boost staff morale
5 efficiency-draining traps to avoid in your practice
By Karen Mattocks, Vice President of Business Development at RxVantage bio It is a practice manager's worst nightmare. You arrive at work one morning and suddenly realize you no longer have a grip on operational efficiency. Patient wait times are at an all-time high, physicians continue to complain about the electronic health record (EHR), unbilled claims pile up … [Read more...] about 5 efficiency-draining traps to avoid in your practice
A little money here, a little there; where to find the sleeping savings
When the money's tight, the manager has to squeeze the nickels—particularly in a small office where falling revenues are keenly felt. And a New Jersey manager has done just that. She has found appreciable savings on expenses that come in month after month but tend to get overlooked in more profitable times. With two physicians, one nurse practitioner, and only five staff, the … [Read more...] about A little money here, a little there; where to find the sleeping savings
Feds target providers who took free test cup kickbacks from Millennium Labs
Free point-of-care test cups from Millennium Labs have become radioactive. So far, at least six different providers have agreed to fork over significant amounts (ranging from $40K to $186K) to settle kickback charges stemming from accepting those freebies from the now bankrupt lab, including two settlements in just the past six weeks. Fallout from the continuing scandal is an … [Read more...] about Feds target providers who took free test cup kickbacks from Millennium Labs
Simple steps to better track your medical practice contracts
By Nick Hernandez bio Keeping track of contract renewals can be tedious. Whether practices renew such contracts all at once, or throughout the year, there are techniques to simplify the task. A healthy practice is one that manages its contracts (vendor contracts, service agreements, and leases) well. Many physicians and practice managers, however, are running nonstop … [Read more...] about Simple steps to better track your medical practice contracts
25 ideas for going green at work
To help celebrate Earth Day, here are 25 ideas for going green at work from FlexJobs, a telecommuting and flexible job site that has long promoted going green in its business practices. Take a look at these tips and then consider going green whenever possible, every day. It's easier than you might think to make every day Earth day. Reduce or eliminate your paper usage. Print … [Read more...] about 25 ideas for going green at work
Choosing the right medical practice technology lease
By Nick Hernandez bio Medical practices often find themselves trying to keep pace with advancements in technology, but keeping up is easier said than done. Investment in technology places heavy demands on capital resources. As a result, administrators are exploring alternative sources of capital beyond customary bank loans. When you buy equipment and finance it with … [Read more...] about Choosing the right medical practice technology lease
Six HIPAA violations you may be missing
Is your practice HIPAA compliant? Are you sure? Most health-care providers take very seriously this federal mandate to protect patient privacy—at least in theory. In practice, however, lots of things get missed. "When HIPAA was new and everyone was going to lectures and conferences and getting training, everyone was on top of it," says Erika Adler, an attorney specializing in … [Read more...] about Six HIPAA violations you may be missing
By following strict procedures, New York office has ‘a stellar year’
A three-physician New York City surgery practice had a stellar year. It attributes its success to the fact that everybody follows strict and detailed procedures. Procedures produce efficiency, says Veronica L. Mogerman, administrator at Manhattan Surgical Associates. And efficiency means the office operates at top capacity and staff give patients top quality service, which … [Read more...] about By following strict procedures, New York office has ‘a stellar year’