We built our office and grew our practice. Now, after several years of searching, we finally found the perfect physician to join our still growing practice. Adding her to the practice opened up a new specialty and took the pressure off our long waiting list. It was wonderful, until the problems started. No, we didn’t uncover some horrible dark side to our new … [Read more...] about The Parking Lot Problem
Growing the Practice
The Credentialing Process for Insurance Carriers
Requirements for credentialing with both governmental and private insurance have expanded over the years. It is vital to keep this information up to date and maintain your insurance credentials. Concierge physicians may not need to worry about this as much, but most patients want and need their insurance to cover their medical expenses. Likewise, physicians need to be … [Read more...] about The Credentialing Process for Insurance Carriers
The Credentialing Process for Hospitals and Outpatient Centers
Health care facilities of all types, from hospitals to surgical centers, nursing homes or hospice programs, require credentialing for staff providers. A wide array of information with supporting documentation is usually requested. The credentialing process can be quite burdensome but the information requested and the processes used by various organizations follow a fairly … [Read more...] about The Credentialing Process for Hospitals and Outpatient Centers
Practice Buy-Ins: Don’t Ignore the Real Estate
When buying into a medical practice, it is common to have the opportunity to buy into the medical office building as well. The practice buy-in generally overshadows the real estate buy-in, as it should. A doctor must scrutinize the terms of practice ownership, employment, compensation, governance, the other doctors, and the staff in order to make the best career choice. It … [Read more...] about Practice Buy-Ins: Don’t Ignore the Real Estate
Case Study: Dr. QE Suggests the Practice Expand
One of the other physician partners within your group has gotten excited about offering a new service out of the practice and presents it to the other providers at the monthly meeting. It is presented as a way to not only generate revenue for the practice but also to improve care and provide convenience for the patients. How does the practice proceed? The decision is made to … [Read more...] about Case Study: Dr. QE Suggests the Practice Expand