“Non-clinical” is a term or description I keep hearing being used to mean work we docs do that uses our medical skills and knowledge, just not for our own patients, and usually without lay...
You’ve heard the real estate advice, about how the value of a property is most determined by its location. It’s true for medical and health care practices too! Probably more true than that other saying, “Build it and they will come!” which doesn’t always seem to work ou...
Getting credentialed is one of the time-consuming tasks at the start of a new medical practice. Although I have several friends who did the work themselves, I would highly encourage any doctor starting a new practice to outsource it to a credentialing expert. For each hospital, insurance company, or...
One of the first decisions you have to make, after you decide that you want to start your own private practice, is what legal structure your practice will take. Will it be a Limited Liability Company (LLC) or a Professional Corporation? C corporation or a true partnership? And the possibilities go o...
Financing the start-up of a new private practice is the biggest hurdle in the whole process, based on my own experience. If you are lucky enough to somehow have a pile of cash available before you start your private healthcare practice, you are golden. You will have less difficulty with almost every...
You’ve made the big decision to set out on your own and start your own private practice. Congratulations! It may be a scary proposition but many doctors and professionals have made that decision before you and had (and have) rewarding and fruitful careers. You will too. There’s nothing m...
When I first started in private practice, sales reps, mostly pharmaceutical representatives, stopped by our office throughout the day. Sometimes I had to tell them I was too busy to hear about their company’s latest drug for some ailment, and most of the time the representative was respectful ...
I know it’s trite to say that all work and no play makes a doctor pretty one dimensional if not outright boring. Our patients want to see us as real people. Good bedside manner requires us to show our “regular” side while we take care of our patients. Having a hobby or a sport like...
The medical practice of tomorrow will look much different than it does today. I recognize that statement to be fairly obvious, but my sense is that the transition is happening much faster than most doctors recognize right now. Only about 10% of current medical practices use an electronic medical rec...
