Are You Making These 5 Financial Mistakes In Your Medical Practice?

We know doctors don't get finance or accounting training during the time they spend in medical school. As a result, they tend to rely heavily on practice managers, accountants and other financial experts with managing their money.   But as medical practice owners (aka small business owners), the buck stops with the doctor. Thus, it is wise not to rely blindly on the "experts" and from time to time take a look at areas of the business for … [Read more...]

Are Practice Management Consultants Worth Hiring?

Chip Hart and Brandon Betancourt

This is a guest post from Chip Hart. Chip is a frequent contributor to PediatricInc and former co-host of the highly revered Pediatric Management Awesomecast. When Chip isn't protecting independent pediatric practices against evil conglomerates, naysayers, and the League of Shadows, you can find him at PCC doing... something (I've never figured out what is it that he does at PCC, exactly).  I will never forget the scene. I was the lonely … [Read more...]

Learn How To Create A Budget For Your Medical Practice

In medicine, the mention of the word profit is often viewed or interpreted as a dirty word. It is as if the word does not belong in the lexicon when health care is addressed.   I argue (in the context of the private medical practice setting) that profitability is a medical practice's responsibility for one simple reason. If the medical practice (also known as a business) doesn’t deliver profits, health care providers are unable to provide for … [Read more...]

Are Practice Management Consultants Worth Hiring?

This is a guest post from Chip Hart. Chip is a frequent contributor to PediatricInc and former co-host of the highly revered Pediatric Management Awesomecast. When Chip isn't fighting against evil conglomerates, naysayers, and the league of shadows to help protect and keep pediatric practices alive and independent, you can find him at PCC doing something (I've never figured out what is it that he does at PCC, exactly).    I will never … [Read more...]

11 Straightforward And Practical Tips To Improve Your Practice’s Bottom Line

You do not have to be a marine captain to know that there are countless potential dangers navigating waters. With a little imagination you know there are many risks. Some hidden, like currents, while others are painfully apparent (i.e. howling winds, waves and torrential storms).   We know there isn’t anything the captain can do to eliminate weather conditions or enforce her will on ocean currents. However, we can all agree the captain … [Read more...]

PediatricInc WordPress Subscribers

Hello PediatricInc Wordpress Subscribers, I have good news and not so good news. First the good news: I recently switched PediatricInc from Wordpress.com to Wordpress.org This is the reason you are receiving blog updates with bad links.  The bad news is that I couldn't figure out a way to seemingly transfer your blog subscription to the new site. Wordpress allows you to export those that subscribed via email. But if you subscribed via … [Read more...]

11 Simple and Practice Tips To Improve Your Practice’s Bottom Line

You don’t need to be a marine captain to know that there are countless potential dangers navigating waters. With a little imagination you know there are many risks. Some hidden, like currents, while others are painfully apparent (i.e. howling winds, waves and torrential storms). We know there isn’t anything the captain can do to eliminate weather conditions or enforce her will on ocean currents. But we can all agree the captain has control … [Read more...]

21 Questions To Put You and Your Medical Practice Back On Track

Things have changed since the beginning. You are now so wrapped up in the day to day that you've lost your North, your purpose, your original destination. It used not to be this way, but it seems like the practice has lost its focus. Losing focus was not intentional. You started out with a clear vision, worked out the details and began. You remained disciplined and consistent. You were not distracted easily, you kept an eye on the ball and made … [Read more...]

How Well Do Parents Know What You Do As a Pediatrician?

During the summer months, I posted on our practice's Facebook page, a note encouraging parents, to schedule their children's wellness visits. Although the message was for our entire Facebook community, I wanted to catch the eye of parents with teenagers. Don’t know how well you manage teens in your office, but in our office, we have decent wellness visit numbers with younger patients. The teen population? Not so much. Once the teen years … [Read more...]

Many State Medicaid Meaningful Use Attestations Delayed

My friend at the Verden Group publish thie information below on their blog. I'm reposting because I think it is important to bring awareness and maintain practices informed as best we can. The Verden Group is recommending practices interested in this issue to visit your State EHR incentive web page for details. … [Read more...]