Developing Your Practice's 2023 Strategic Plan
The Private Medical Practice Academy
by
3w ago
In this episode, I'll outline the key steps you need to develop your practice's strategic plan for the new year. The first step: doing a review of the past year. For this you will need a few things: 2022 Profit and Loss statement 2021 Profit and Loss statement (so you can look at the year-over-year changes) Year end billing reports To develop this year's strategic plan we need to do a post-mortem on the prior year. We need to figure out what went right and what we can improve. Examples of what we're looking for: Did you meet your 2022 goals? Did your revenue grow?  How's your volume ..read more
Visit website
What I Need To Do Labs In The Office with Dr. Heather Signorelli
The Private Medical Practice Academy
by
1M ago
You never know when your mother-in-law will turn out to be a valuable asset to your practice. Mine was a lab technologist who had started up and ran multiple medical labs.  When we told her that I had decided to start my own practice, one of her first questions was "what labs are you planning to do?" followed by you need a CLIA Waiver. Say what?  I had no idea what that was or how to get one. The test said was CLIA Waived. Doesn't that mean that you don't need a CLIA? A CLIA Waived test just means that there are fewer associated rules to follow. You still need to apply for and get a ..read more
Visit website
Nuts and Bolts of Medical Real Estate with Colin Carr
The Private Medical Practice Academy
by Sandra Weitz MD
1M ago
Finding space for your medical practice can seem very intimidating.  So when someone asked me for a consultant in the Dallas-Ft. Worth area to help them figure out where to look for space for their new office I realized that I need to address this topic head on.  You don't need to pay a consultant for this. You need a commercial realtor.  That's why I invited Colin Carr, the founder of Carr Healthcare, to join me today to discuss the nuts and bolts of finding a lease space for your practice.   In this episode we cover some of the topics you are frequently asking about. He ..read more
Visit website
Drug and Medical Device Reps Help Leverage Your Practice
The Private Medical Practice Academy
by
2M ago
Drug and Device reps often drop into medical offices--usually uninvited. And they seem to always to be there at the most inopportune times. Most annoying is when they camp out in the back waiting for you. It's no wonder that many physicians have disdain for Drug and Device reps. If this is your attitude, you're missing out on a great (free) opportunity to grow your practice. In this episode, I chat with Omar Khateeb who helps med tech companies grow sales and drive product adoption using social media.  Omar is an interesting guy. His dad is a vascular surgeon and Omar went to med school ..read more
Visit website
EMPLOYEE VS INDEPENDENT CONTRACTOR: What You need to know
The Private Medical Practice Academy
by
2M ago
I’m frequently asked about the benefits of hiring employees versus having independent contractors.   Many physicians are under the impression that hiring someone as an independent contractor is going to be less expensive than as an employee. But not so fast. The IRS has rules that define whether someone is truly an independent contractor or an employee. The employer is responsible for determining if the new hire meets the criteria to be treated as an independent contractor. Choose the wrong status and you may be liable for past taxes and the associated penalties. What does it mean to be a ..read more
Visit website
Top 5 Things My Healthcare CPA Wants You to Know with Jeremy Kilbert, CPA
The Private Medical Practice Academy
by
5M ago
When I started my medical practice I quickly learned that there's much more to accounting than quickbooks.  My CPA firm, with its extensive healthcare experience, has served a phenomenal business advisors. In this episode of The Private Medical Practice Academy,  Jeremy Klibert CPA and I discuss some of the pressing questions that private practice physicians have. Are you wondering what the right structure is for your medical practice?  Do you know the difference between cash and accrual based accounting?  Are you trying to figure out whether you should buy or lease equipm ..read more
Visit website
Why You Need An ABN
The Private Medical Practice Academy
by
5M ago
You want to offer a service to a patient but you aren’t sure that Medicare will reimburse you. Is there something you can do to increase the chances of getting paid? The answer is an advanced beneficiary notice of non-coverage (ABN).  You use an ABN when you are offering a service that is usually reimbursed by Medicare but may not be reimbursed by Medicare in this particular case.  Voluntary use of an ABN When you know, in advance, that the service is not covered by Medicare you voluntarily use an ABN to notify the patient.  The ABN puts the patient on notice that they are finan ..read more
Visit website
Don't Let Calling Your Office Be A Nightmare with Zed Williamson
The Private Medical Practice Academy
by Sandra Weitz MD
6M ago
We've all heard, "First impressions matter." Calling your office to schedule an appointment is your patient's first interaction with you and your practice. That call defines whether the patient schedules an appointment. And, their attitude toward future interactions with you and your office.  Today, Zed Williamson from TrackableMed joins me to discuss how your staff can improve the impression patients get when they call your office.  One of the most valuable suggestions is to train your staff to answer the phone with a full-on smile. Now this may seem silly but if you try it you'll ..read more
Visit website
Improve Patient Care and Generate Revenue: Remote Monitoring
The Private Medical Practice Academy
by
6M ago
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 monitoring remote patient monitoring (RPM) and remote therapeutic monitoring (RTM)  patients  can alert physicians to any concerning  data between visits. That way, physicians can intervene before things spiral out of control.  The ..read more
Visit website
Understanding Payer Audits With David Vaughn JD, CPC
The Private Medical Practice Academy
by Sandra Weitz MD
7M ago
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 need to know about the different types of payer audits. David is both an attorney and certified professional coder and has been my healthcare attorney for 20+ years. David has been instrumental in helping my practice's billing complian ..read more
Visit website

Follow The Private Medical Practice Academy on Feedspot

Continue with Google
OR