Financial Health Check Up
- During this year, a large majority of small- to med-sized physician practices plan to buy tablets for in-office use.
- Health care professionals are unsure about using cloud computing for business, but there are services out there who specialize in setting up dedicated, isolated, private storage facilities for customers that have regulatory compliance concerns.
- The attraction to concierge medicine is easy to see given the benefits, but there's a lot that goes into making the change and being a successful concierge practice.
- One of the most important metrics to start strengthening your practice's cash flow is days in accounts receivable. By improving ways for patients to pay, or keeping track of who hasn't, you can free up your money.
- With physicians seeing more and more patients on a daily basis, it’s easier to simply refill prescription based on patient phone calls, making it easier for patients to commit drug fraud.
- At the end of 2012 some rather advantageous tax provisions are set to expire. While there's no magical place to put your money to avoid estate taxes, there are some strategies you can employ.
- The concept of the patient-centered medical home (PCMH) has received its share of attention as the cure for what ails the American health care system. But how does a medical practice ensure a successful transition to the PCMH model?
- The old saying that there’s no such thing as a free lunch applies even to so-called free apps. As a physician you should know what you're getting yourself into when you use them and share information.
- Before you shred old medical files, there are some legal considerations to take. State requirements vary on how long a physician needs to retain files before they can be destroyed, but it could also hurt the physician to keep those files beyond the required retention time.
- Adopting a safety culture in a medical practice is a difficult process that includes getting everyone on board with and willing to implement changes.
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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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