Private Medical Practice ציבורי
[search 0]
עוד

Download the App!

show episodes
 
I discuss everything you always wanted and absolutely need to know about start, running and growing a private medical practice. I'll also talk about how to leverage your private practice by adding additional providers, satellite offices and ancillary services. And, vertically integrating other medical businesses like adding an ambulatory surgery center, imaging center, physical therapy and more. I will be sharing my 30+ years of experience as a physician and entrepreneur. After being an empl ...
 
Loading …
show series
 
One of my greatest frustration with practicing medicine is poor patient compliance. You spend time educating the patient and discussing the treatment plan. When you see them back in follow up you discover they haven't followed through. If you are lucky, they are the same. Unfortunately, sometimes they are worse. Using FDA-approved devices, remote m…
 
Are you afraid of getting audited by insurance companies or Medicare? Do you get anxious when one of the payers sends you a request to audit 5 of your charts? Have you heard horror stories of the Feds knocking on a physician's door? Don't worry--you are not alone. But not all audits are created equal. Today David Vaughn joins me to discuss what you…
 
In 2015, the Centers for Medicare & Medicaid Services (CMS) introduced Chronic Care Management (known as CCM) with the intent of improving the care of patients with chronic conditions. CCM offers physicians an opportunity to be compensated for the work that they were doing between office visits including but of course, not limited to calls, educati…
 
If you are an employed physician, chances are your employer purchases malpractice insurance for you. Your first introduction to the complexities of malpractice insurance may come when you leave that employer and have to buy a "tail." And, if when you start your own practice you'll need to understand how to get the best malpractice insurance. Today,…
 
Today I had a great chat with Dr. John Lin about how to think about choosing to be In-Network vs. Out-of-Network. We all know that dealing with health insurance companies can be very frustrating. But reimbursement rates are only a part of what makes dealing with these companies a headache. Trying to decide whether it makes sense for you and your pr…
 
You’re a Medicare provider. And you know that the Centers for Medicare and Medicaid Services (CMS) runs Medicare. But did you know that CMS is just the umbrella organization? The actual administration is done by a Medicare Administrative Contractor (MAC.) What is a MAC? A MAC is a private health care insurer that’s been awarded a geographic jurisdi…
 
To start with, make a list of supplies that you everything you need: drugs, syringes, gloves, paper for your exam table, cleaning supplies and more. Include how often you are using these supplies because we’ll need this info to figure out the quantities you need to order. You’ll want to develop an inventory system will help you track how often you …
 
Here are some strategies that can help keep you on schedule. Get to clinic before your first scheduled patient. Preferably you get to clinic early. If you show up at 8 am, your first patient is at 8am and then you first need put out whatever this morning’s fire is, you start the day off behind and you will be all day long. The other advantage to ge…
 
To reduce the volume of after-hour phone calls, you need to have a policy that implements these strategies. Implement strategies that help reduce after-hour call volume without sacrificing patient care. 1. Set up your phone system's phone tree When a patient calls after hours, your phone system should answer and give the patient a set of instructio…
 
When you run a private medical practice, you’re invariably going to need services and vendors outside of your practice. What you need to know is that any person or organization that you hire to handle, use, distribute, or access protected health information is a Business Associate (BA) and that you need to have a Business Associate Agreement (BAA.)…
 
We send and receive email every day so it would seem natural to send emails to your patients. But what if the emails contain protected health information? How do you make email HIPAA compliant? How you will use email with protected health information The first questions to ask are, “Is my email network is behind a firewall?” Are you only emailing p…
 
Trying to figure out how the digital world fits into your private practice can seem very overwhelming. Today, I had a great conversation with Dr. Dana Corriel, a board certified internist, entrepreneur, digital stratgeist and the founder of doctorsonsocialmedia.com to get her insights. Here are some of the key points we discussed: Social Media is M…
 
I’m sure that you’ve heard the expression: build it and they will come. You started your private practice because you want to see patients. But how do you build your patient volume? In this episode, you'll learn 6 steps to accelerate your ramp-up. Define your message Differentiate yourself from the competition Create your brand The name of your bus…
 
In this episode, I had the pleasure of chatting with Wendy Margolin who owns Sparkr Marketing and is the founder of The Clinician’s Social Media Club. I asked Wendy to join me to discuss where social media fits into the private practice physician's business plan. Here are some of the topics we discussed: How to choose which social media channel(s) …
 
The Notice of Privacy Practices is a form that many patients toss in the garbage but that can you into a lot of trouble and costs an enormous amount of money. HIPAA guarantees a variety of patient rights--including a patient’s right to know how you’re going to use their Protected Health Information (PHI.) As part of that, you are required to descri…
 
If you practice medicine, sooner or later you’ll get to the point that you want to fire a patient. Whatever the reason that you may have for terminating the physician-patient relationship, there needs to a clear and consistent policy and procedure for doing so or you're exposing yourself to hassles and unnecessary potential liability. Once you have…
 
New ventures require money. The question is always where does that money come from. It may come from your savings, a loan or other investors. Regardless of whether you are starting your own practice, buying into a practice or related business (ASC, Imaging Center, etc)--you will need to make a capital investment. In this episode, Dr. Brent Lacey an…
 
What is the difference between an office manager and a practice manager. If you hire someone to help manage your practice—regardless of how small it is—that employee is a practice manager. What are the tasks that practice managers may be responsible for? Here's just a short list: All things Human Resources Oversee billing and understand revenue cyc…
 
In this episode, I have the great pleasure of chatting with Dr. Cheng Ruan, the founder of Texas Center for Lifestyle Medicine. Dr. Ruan started out in an internal medicine practice before starting his extremely successful and lucrative lifestyle medicine practice. Here are some of the key points we touched on: The importance of understanding every…
 
You need to hire someone for your front desk. But before you sit down to write the ad for that position you first need to understand what it is that you want that front office person to do. The first impression that people have of you is their experience when they walk in your front door. The person at the front desk is the first person from your o…
 
If you are like me, you never carry cash. I pay for EVERYTHING with my credit card. And, as a consumer, I get annoyed if a place doesn't take credit cards. I never actually think about the vendor side of things. I figure they bundle the cost of taking credit cards into whatever they're charging me. The problem for physicians who are in-network is t…
 
If you are an out-of-network provider for an insurance company you may perceive that you can get better reimbursement--in large part because, in some states, you can balance bill the patient. But all of that's about to change. When the No Surprises Act, a federal law, goes into effect on Jan 1, 2022, you'll no longer be allowed to balance bill. But…
 
Submitting clean claims is key to maximizing your ability to collect the money that is due to you. What is a clean claim? The claim for payment has to be submitted via an acceptable claim form or electronic format with all required fields completed with accurate and complete information in accordance with the insurer's requirements. What is the sig…
 
Employees often ask about taking leave through the Family Medical Leave Act, otherwise known as FMLA. As the employer, like when you own your own practice, you need to understand FMLA and everything that goes along with it. FMLA allows employees to take an unpaid leave of absence for up to 12 weeks for medical reasons or family reasons. The first t…
 
Types of malpractice insurance policies: Claims-Made Coverage With a claims-made policy, your insurer will only cover malpractice claims if the claim is made against you while you are covered. With claims-made coverage you will need tail coverage if you leave the practice or insurance company. Occurrence Coverage This is the broadest and most prote…
 
There are several reasons that you should want to add RPM to your practice: You can take better care of your patients RPM can improve patient accountability RPM can improve patient satisfaction RPM can help your practice meet value-based reimbursement criteria You can get paid for RPM RPM refers to technology and practices that help practitioners t…
 
Physician compensation is often based on RVUs. But, in reality, RVUs actually have no monetary value. So in order to understand productivity and revenue you have to know what an RVU is, how it’s determined and how to determine what it’s worth. In this episode, you'll get all this info and more. RVU stands for relative value units and are basic comp…
 
Baby boomers and household decision makers--the target demographic for most medical practices are on Facebook. In other words, your ideal patients are on Facebook right now. That’s why I want to talk to you about why you need a Facebook business page and what you are supposed to do with it. First, Facebook is free. There’s no charge to create a Fac…
 
Salary is only part of the overall compensation package. Potential hires often rank benefits as one of the top factors impacting their decision to accept a job offer. Today I'll tell you about how to figure out what you want to include in your benefits package so that you can recruit and retain quality staff while being financially responsible. Whe…
 
One of the questions that I’m frequently asked is whether physicians should join a provider network? First, let’s get the alphabet soup mumbo jumbo out of the way. IPA stands for Independent Practice Association and CIN stands for Clinically Integrated Network. Today, I’m going to talk about the things that you will want to think about when conside…
 
Trying to figure out how much to pay your employees can be a very daunting task. On one hand, you want to pay enough to get the best possible talent. On the other hand, you don't want to overpay. In this episode, I’ll walk through how to figure out what salary to offer. Establish a salary range Salary.com will give you salary ranges by position and…
 
Everyone knows that there are lots of rules and regulations in healthcare. In order to help you complying with all of the complicated healthcare laws, I'm going to tell you why you need a compliance plan and what it needs to include. Before I get started, I want to get one common misconception out of the way. A lot of people think that you only nee…
 
Your website serves as the central hub for information about your business and a direct impact on your marketing efforts. You own your domain name and your website. Because of this, you control the content and who sees it. Do I really need to have a website when first starting out? Yes! Even if you are employed you can use your website to provide i…
 
Here are 3 key things that you want to assess when assessing a bank’s quality of service: You want a bank that demonstrates a firm understanding of a medical practice’s unique cash flow needs. As we all know, medical businesses function differently than a typical business. What services are offered to you and how much they cost is largely impacted …
 
You’ve scheduled your first patient. But that's only the first step in getting them to that first visit. You need a new patient packet. The new patient packet has two purposes: To collect information from the patient To provide information to the patient There are several ways in which your patient can access the new patient packet: Through your EM…
 
Revenue cycle management refers to the process of identifying, collecting and managing a practice’s revenue from payers based on the services provided. The revenue cycle begins when the patient makes the appointment and ends with successful payment collection. The first step in the revenue cycle happens when the patient schedules an appointment. Yo…
 
If you take any form of insurance as payment for your services then you need to understand MACRA and MIPS. MACRA is the law and MIPS is the implementation. Key Points: If you see more than 200 Medicare patients and/or bill more than $90,000 annually in Medicare Part B allowed charges, you’re automatically enrolled. MIPS collects data and then you s…
 
Today I'm going to talk to you about the steps you'll want to consider when setting up the process for scheduling a new patient. There are 3 basic ways for a new patient to come into your practice: Self-scheduled via your website or portal Call your office and speak to a live person Referral from another physician Things you'll need to consider whe…
 
With all of the choices out there, choosing an EMR can be a daunting proposition. Today I'll talk to you about the key features that will impact your workflow and ultimately your profitability. But first, I want to address everyone's biggest concern—the cost. Don't sacrifice functionality, integration and flexibility for price. Your lost productivi…
 
Every healthcare provider I know complains about the hassles associated with their EHR charting. When you’re an employed physician, you basically get stuck using whatever software your employer has purchased, and it’s super easy to complain about something that you have no control over. But when you are the practice owner, you choose the EHR--an ad…
 
One of the first questions that everyone asks is—"how much staff do I need?" You’re not going to be able to answer this question without defining your work flow. This is obviously a multi-step process so I'm going to break it down into segments. First, you need to think through every step that occurs. Then, you’ll need to drill down and identify ea…
 
The recent ice storm and its devastating aftermath is a great reminder for why every medical practice (and actually any business) needs to have a plan for deciding whether to close in the context of a natural disaster. When Hurricane Katrina hit Louisiana in August 2005, I had 7 providers and 30 staff members. At that time, I didn’t know what to an…
 
How you design and equip your space speaks volumes about you. And, while you don't have to be an interior decorator, there are a couple of key things you want to consider: comfort and functionality. In this episode, I will give you practical tips for designing and equipping your space. Here are the highlights: Entrance to your space:. You need very…
 
How large does your office need to be? The general rule of thumb is 1200 to 1500 square feet for the first physician and 1000 to 1200 square feet for each additional provider. In order to drill down to your specific needs, you'll need to understand your clinic's flow. First impression--your waiting room Your waiting room is where your patients get …
 
You’ve decided to rent a space for your new business. Now you need to negotiate the lease terms. One of the most significant components is going to be the tenant improvement (TI) allowance. One of the first things you want to understand the difference between grey shell and vanilla shell and the impact on your lease rate and tenant allowance. Most …
 
There are 4 basic lease types--gross lease, full service lease, gross industrial lease, and triple net lease-- and it's imperative that you know the differences between them in order to compare the rates and understand what you are getting for you money. You need to know the terms that are most commonly used in leases because they ultimately impact…
 
I’m frequently asked—Should I rent or buy the space for my new practice or business? Regardless of whether or not you want to initially rent or buy, there are a number of considerations: 1. How soon do you want to move into the space? Let’s say that you want to start your practice or business in the next 6 months. If you want to buy the space, you’…
 
As of Jan 1, 2021, E & M coding has changed and I’m willing to make a bet that you find the whole thing confusing. Honestly, E &M coding has ALWAYS been a source of confusion. The good news? The new changes have actually streamlined the process (to some extent.) But, as with all changes--you have to learn the new rules. While there are multiple cha…
 
More likely than not, you are trying to get contracts with multiple insurance companies. And, in case you haven't figured it out yet--there are multiple steps in the contracting process. At this point you may have already made the initial contact to provider relations department requesting a contract. The health insurance company will send you a co…
 
When you are first getting started you are so preoccupied that it's easy to lose sight of how important it is to nail down your payor agreements. You may be thinking, "let's just get a contract in place so I can start getting paid." Or, "I HAVE to participate with this payor." But I want you to take a step back to realize that you are literally mak…
 
Loading …

מדריך עזר מהיר

זכויות יוצרים 2022 | מפת אתר | מדיניות פרטיות | תנאי השירות
Google login Twitter login Classic login