Cutting purchasing costs doesn't have to be difficult. Here are five approaches to purchasing your medical practice should consider. 1 Join other offices and take advantage of group discounts. Because the group represents a lot of business, it can tell a vendor it will use it exclusively in exchange for an overall, sizeable discount. The group can also get individual … [Read more...] about 5 purchasing tips that can save money for your medical practice
Purchasing and leasing
Top 4 trends shaping the healthcare industry
By Leora Borgenicht bio Before the healthcare industry can ambitiously transform to offer more accurate and personalized patient care, certain stepping stones must be reached. These four trends are inevitable if the healthcare industry is to reach its goals. Trend #1: Interoperability The transformation towards value-based healthcare care and a more personalized … [Read more...] about Top 4 trends shaping the healthcare industry
Don’t put your vendor contracts on autopilot
It's easy, to say nothing of convenient, to get comfortable with business relationships and not to question what the vendors are doing. But in the meantime those vendors have every ability to slip in added costs the manager does not notice. Don't just renew vendor contracts automatically. The practice can often save money and get better service by putting those contracts out … [Read more...] about Don’t put your vendor contracts on autopilot
What? Not another upgrade!
How to ensure a smooth transition when you upgrade your EMR software or install a new system Just when everyone is trained and comfortable with your EMR system, along comes an upgrade. Keeping up with the demands of meaningful use and changing regulations has software vendors sending out upgrades with alarming frequency. This means that you may be spending far more time and … [Read more...] about What? Not another upgrade!
Use weekly meetings with doctors to keep office running smoothly
Meeting every week with the doctors makes a tremendous difference in how smoothly – and also how successfully – an office operates, says the manager of a pediatrics practice in Colorado. For her office, it's an 8 a.m. meeting every Monday, a good time, because it sets the tone for the week. It also keeps everybody on the same page. And it ensures that the doctors know all the … [Read more...] about Use weekly meetings with doctors to keep office running smoothly
6 key ingredients of a profitable medical practice
Medical office managers are often so focused on the day-to-day that it can be easy to lose sight of the big picture. That big picture is profitability—because, without it, the practice will not remain in business. Although profitability isn't rocket science—after all, only rocket science is rocket science—it does require attention to detail, or what Medical Office Manager … [Read more...] about 6 key ingredients of a profitable medical practice
Try these no-cost ways to boost staff morale
To have good employees, an office "has to treat people right," says Sabrina Hebert, manager of Northlake Surgical Associates, a five-physician, 12-staff office in Covington, LA. And her office does that by giving benefits that are a bit out of the ordinary, are well appreciated – and cost little or nothing. The favorite is gift cards. At $0 cost. Herbert buys them with the … [Read more...] about Try these no-cost ways to boost staff morale
5 efficiency-draining traps to avoid in your practice
By Karen Mattocks, Vice President of Business Development at RxVantage bio It is a practice manager's worst nightmare. You arrive at work one morning and suddenly realize you no longer have a grip on operational efficiency. Patient wait times are at an all-time high, physicians continue to complain about the electronic health record (EHR), unbilled claims pile up … [Read more...] about 5 efficiency-draining traps to avoid in your practice
A little money here, a little there; where to find the sleeping savings
When the money's tight, the manager has to squeeze the nickels—particularly in a small office where falling revenues are keenly felt. And a New Jersey manager has done just that. She has found appreciable savings on expenses that come in month after month but tend to get overlooked in more profitable times. With two physicians, one nurse practitioner, and only five staff, the … [Read more...] about A little money here, a little there; where to find the sleeping savings
Feds target providers who took free test cup kickbacks from Millennium Labs
Free point-of-care test cups from Millennium Labs have become radioactive. So far, at least six different providers have agreed to fork over significant amounts (ranging from $40K to $186K) to settle kickback charges stemming from accepting those freebies from the now bankrupt lab, including two settlements in just the past six weeks. Fallout from the continuing scandal is an … [Read more...] about Feds target providers who took free test cup kickbacks from Millennium Labs