If you’re like most physicians, your goal is to make your medical practice more efficient, which will ultimately reward your profit margins. The reality, however, is that you probably spend a significant percentage of your day reviewing test results, entering data and writing prescriptions. According to a survey by Advisory Board, doctors spend only 27 […]
Although Americans in general are known for not being great at taking vacations, doctors especially can find it hard to take time off. Schedules are busy, and with a finite number of appointment slots available, it’s difficult to finally unplug and take a well-deserved break. And while schedules may seem packed at all times throughout […]
Stale jokes about physician’s handwriting aside, the truth is that both patients and doctors benefit when providers shift from the traditional pen & paper note-taking to keeping electronic records. Not only do you cut down on misreadings and miscommunications, but electronic health records (or EHRs) also allow for secure, centralized storage of information, quick transfer […]
When it comes to measuring the effectiveness of your marketing, there’s almost no metric as important as the cost to acquire an appointment (which is sometimes called a CPA). After all, appointments are what brings in the revenue that supports your office — and even a steady supply of leads won’t mean financial success if […]
As a medical practice manager, there’s a lot you must do to run a successful medical practice. You need to be an expert in managing the medical practice, finances and staff while ensuring patients get the care they deserve. Yet when you’re up against restrictive budgets, rising costs and health insurance companies, it can be…
One of the more frustrating aspects of running a practice, regardless of specialty, is last-minute cancellations. Not only are these squandered appointments unfair to other patients who need an appointment, but they can also lead to significant losses in revenue. Kenneth T. Hertz, principal of Medical Group Management Association, stresses that last-minute cancellations are a […]
Diving into the business side of your practice can feel intimidating, especially if you’ve never received any formal marketing training before. And while you don’t need to take on the job of a large-scale marketing department to stay profitable, measuring just a few marketing metrics can go a long way in ensuring your practice succeeds. […]