Financial Health Check Up
- Medical practice inefficiency is a widespread problem and many medical practices are unable to implement efficiency changes because they are often economically strapped.
- The best way for physicians to manage their finances is to put their A team — their financial dream team, if you will — on the field. And the operative word being "team."
- When considering selling your practice, you should always be prepared for an opportunity, and the best way is to always run your practice in a condition to be sold.
- The 2014 timeline for implementation of the stage 2 requirements may be a bit aggressive for physicians who haven't quite got stage 1 down just yet.
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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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