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money

It’s a mistake if you don’t pay employees for federal holidays
It’s a mistake if you don’t pay employees for federal holidaysMost medical practices welcome the major federal holidays and the opportunity for the entire staff to take a day off. A day when the doors are locked, however, is also a day that generates no income for the practice. It begs the question: Should the practice pay its employees a day’s wages for the holiday?
How doctors can overcome payment obstacles in 2017
How doctors can overcome payment obstacles in 2017Chart your financial future
5 mistakes doctors make that can cause big problemsPoor cash controls are still one of the most common risks we discover during our consultations.
7 ways physicians can take control of uncompensated time
7 ways physicians can take control of uncompensated timePhysicians should focus on generating revenue, not putting in a longer workday, experts say
Where is the future of primary care headed?While the transition may be rocky, primary care physicians are poised to take a leading role as care models change
Here is the PCP crisis solution and it's simple
Here is the PCP crisis solution and it's simpleThere is a primary care crisis in the United States. We know it because patients only get 8-12 minutes with their primary care physician (PCP) who interrupts them within about 18 seconds and never fully listens to them. Patients are sent for tests, given a prescription or referred to the specialist even though the PCP could—with more time—have figured out the problem without a test, prescription or referral.
How physicians can make smarter education deductions
How physicians can make smarter education deductionsMost physicians are familiar with the necessity of Continuing Medical Education (CPE), although many ignore the impact of education on the medical practice’s employees -- one of the major assets of any practice.
Tips for understanding how doctors are compensated
Tips for understanding how doctors are compensatedMany doctors emerge from their medical training with little knowledge of what and how they are paid. It seems counterintuitive that, after such extensive education, physicians still need to learn about something so fundamental that will affect the rest of their professional lives.
The danger of waiving co-insuranceDespite warnings being issued frequently during the years since 1998, and despite the discussion of this issue during any Medicare training you might attend, there are still healthcare businesses that believe they can get by with waiving co-pays without a policy requiring a hardship evaluation.
Insurance companies can be lousy advocatesA critique of the role of an insurance company, payer, exchange or entitlement program