Financial Health Check Up
- Increasingly, physicians -- who tend to be wealthier than the average, and who have access to sensitive patient medical and insurance data -- are being targeted by new "spearphishing" scams, physician-focused emails that appear legitimate and trick doctors into falling victim to fraud.
- Sometimes progress is made by taking one step back before moving forward, or just standing in place for a moment to assess before pressing onward. Such is the case when looking to grow a medical practice. There are two key indicators that can diagnose the health of your practice, which is essential to growing it. Let's look at them.
- So, you’ve saved carefully and consistently throughout your career, and the fruits of your labor have produced a nice retirement nest egg. Congratulations … but that’s only one half of the equation. Now it’s important to ensure that your nest egg provides you with retirement income for the rest of your life.
- If you’re looking to improve communication within your practice, perhaps even increase efficiencies among staff, regular meetings are a good place to start. The key is to begin scheduling the meetings for positive reasons, not negative ones -- too often meetings are a knee-jerk reaction to a problem in the office.
- As a physician, how do you know whether your staff is as productive as they can be? The answer is, you don’t -- at least not in the sense that some magic red light comes on when productivity levels drop. But there are electronic tools and procedures that can be put in place to help physicians determine whether employees are meeting their goals and objectives.
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Ed Rabinowitz is a veteran healthcare journalist with more than thirty years of writing experience. He has been covering the financial and healthcare marketplaces for the past 13 years.
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