Let’s Talk About What Happened In Vegas

My friends from the Pediatric Management Institute (PMI) put on another great practice management conference in Las Vegas last January. The content was excellent, thanks to the fabulous faculty PMI brought in. The topics varied from customer service principles to fundamental changes happening in the health insurance industry and how those changes are - or soon will be - affecting doctors' financial bottom line. Below are a few highlights … [Read more...]

Does Your Pediatric Practice Need A Vision Statement?

Most vision statements I’ve read, are a bunch of fancy words put together in a somewhat coherent matter with the intent to demonstrate that the company or the business stands for something. As a result, nobody pays attention to them. WHY YOU NEED A VISION STATEMENT When crafted correctly, a vision statement is enduring and inspirational. It's a guiding, transformational initiative, that removes the clutter and sets a defined direction for the … [Read more...]

Benchmarking Evaluation & Management Codes

With the advent of EMRs, doctors are now able to track, monitor and visualize data that was not as easy to obtain as before. One data set that EMR systems feature, are E/M codes. E/M codes, if you are not familiar with the term, stand for Evaluation and Management. E/Ms are represented by CPT codes 99211-99215. Evaluating your practice's CPT data is highly beneficial because the data reveals insights into the practice. For example, gathering … [Read more...]

Simple Yet Effective Leadership Lesson You Must Learn If You Are A Practice Administrator

One day, his wife complained that in their 25 years of marriage, he had never told her that he loved her. “I told you when we got married. I’ll let you know if it changes,” he replied. Acknowledging staff members or affirming employees for a job well done doesn't come naturally to me. I'm the kind of person that believes recognition isn't necessary when someone does as expected. YOU'RE SUPPOSED TO WORK HARD For example, I've heard employees say, … [Read more...]

10 Questions You Need To Ask Before Starting A Project To Ensure Success

Imagine all of the sudden you decide to go on a camping trip. So you round up your spouse and the kids, jump in the car and head out. No supplies, no route, camping equipment, site, food or proper clothes. When asked about all these things, you respond by saying, "We'll figure it out as we go along." I'm no camping expert, but I know that this is a silly way to go about camping. Talk about a recipe for disaster. But here is the thing... even … [Read more...]

Seven Reasons Why You Don't Want To Miss This Pediatrics Practice Management Seminar

My friends at the Pediatric Practice Management Institute (PMI) have an awesome seminar that you don't want to miss. Why should you not miss it? Glad you asked. I have lucky number 7 reasons why you should not miss this seminar. 1 - YOU'LL BE AWESOMER I know awesomer is not a word. But it gets's the point across. Here is the deal, no matter how experienced you are at managing a practice, there is always something new you can learn. 2 - YOU'LL … [Read more...]

Seven Reasons Why You Don’t Want To Miss This Pediatrics Practice Management Seminar

My friends at the Pediatric Practice Management Institute (PMI) have an awesome seminar that you don't want to miss. Why should you not miss it? Glad you asked. I have lucky number 7 reasons why you should not miss this seminar. 1 - YOU'LL BE AWESOMER I know awesomer is not a word. But it gets's the point across. Here is the deal, no matter how experienced you are at managing a practice, there is always something new you can learn. 2 - YOU'LL … [Read more...]

What Does A Convenient Store And A Medical Practice Have In Common? 

The answer is, Cost Accounting. Cost accounting is one of those topics that you either find fascinating (this makes you an accountant) or find it as boring as watching reruns on C-Span. If you belong to the latter group, don't worry. I got you covered. Using a convenient store as the backdrop for the narrative, my friend Paul shares in the video below, the fundamental business principle of cost accounting and how independent pediatric … [Read more...]

Are You Following These 10-Steps Before Terminating A Physician- Patient Relationship?

This post was originally published on the Verden Group's Blog. Written by Sumita Saxena, Senior Consultant, The Verden Group It unfortunately can happen to anyone: You go above and beyond to provide your patients excellent care with uncompromising accessibility, and yet something somewhere goes wrong and the relationship quickly deteriorates. After trying your best to mend the problem it becomes clear – the relationship has broken down … [Read more...]

5 Sure Ways To Accomplish Little

Trust me on this one. Follow these five tips and I can ensure you will have a harder time managing your medical practice. Money back guarantee! 1 - DONT WRITE GOALS DOWN It's far better to think about your goals on the drive to work in the morning and then forget them two days letter. Who wants to keep track of stressful things anyway? Besides, you'll only be disappointed 6-months from now when you discover you've only accomplished 4 out of … [Read more...]