Medicine & Business

Physicians who fail to take proper precautions and to correctly structure their practices' relationships with their billing companies risk significant legal and financial liability.

Application Services Provider is a relatively new type of outsource provider that delivers and supports software as a service over a network, such as the Internet. This trend is beginning to offer physician practices new and attractive alternatives for changing or upgrading management information systems.

The big question is, how can one recognize a prudent opportunity when it appears, after having gone through a bad experience?

Many residents and fellows have received very little formal education regarding an array of non-clinical business subjects. A senior resident or fellow is likely to be surprised as he or she transition into the professional world. Consider five survival tips to make the transition smoother.

There are six essential roles or functions in the front office. With proper data collection tools, education and defined job functions, the front office staff can and will be a cash flow powerhouse.

From a resident’s standpoint, if you are looking for a long-term relationship, you should at least ask a lot of questions about the practice’s future plans. From the practice’s standpoint, you may not want to commit to a particular course of action before the "honeymoon" period of associateship.

Branding strategies have long been used in large industry but can be easily modified to meet the needs of today’s medical practices and organizations

Every time a payor rejects a claim, your practice is not only inconvenienced, but also short-changed. Consider practical steps to prevent your practice from providing services to ineligible health plan enrollees

Ancillary services can assist the physicians in their ultimate goal of providing quality medical care, often in their own office setting, while producing a profit for their efforts.

HB 50 would have two clear effects: (1) to place the Advanced Practice Registered Nurse’s scope of practice on par with the unrestricted practice of medicine and (2) to provide them with extensive prescriptive authority