Medicine & Business

One day a realtor shows you the perfect space, in the perfect location, and assures you that the lease will need to be signed as quickly as possible if you are not to lose the space to one of your competitors. Having a little understanding of the implications of the key legal provisions can save you a lot of money in the long run.

Although these basic rules are brought to the attention of physicians at many different venues, the same mistakes keep showing up in patient charts. Here are some examples that are easily correctable

Three phases are involved in building your practice through quality customer service: developing your customer network, maintaining quality customer service and evaluating your practice's effectiveness at customer relations.

A physician entrepreneur must be sure to take the necessary steps to protect his or her employment and intellectual property rights, develop a sound strategic business plan and work proactively with the FDA and payors to help ensure the medical device is positioned property to make an impact in the marketplace.

The still lucrative practices prepared themselves and employed a public relations firm to ensure that their practice would thrive independent of a challenging economic climate.

Too often, parties will sign such a document, feeling that they have little or nothing to lose by doing so. Proceed with caution before signing any such document

The more informed your employees are, the more efficiently your practice will operate. Written policies and procedures are not legally mandated, but in today's litigious society, having a formalized policy and procedure manual is simply a good idea.

For physicians, there are three areas to consider: personal qualities, professional characteristics and the reality of the unexpected.

After you have laid all the groundwork by placing your practice ads or hiring a recruiter, hopefully the resumes will begin to roll in.

If carefully examined, complementary medicine could be the answer to your practice's shrinking revenues. Consider data on its revenues and utilization since 1990, as well as trends in the government, scientific and educational environments.