The Journal of medical practice management : MPM
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Review your current practice, patient load and demographics, revenue, and insurance processing procedures. Work with an expert to develop a business plan of a direct-pay practice, and compare the expected patient load and demographics and revenue to that of your current practice. Will a direct-pay/concierge practice: Increase your revenue/decrease your expenses? Offer your patients better healthcare by taking decisions out of the hands of the insurance company? Provide your patients easier access to you and your staff? Maintain or attract a sufficient number of patients? Offer you more career satisfaction? Any change can be daunting, but many times, the results are well worth the challenges.
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Anyone with an up-to-date organizational chart can determine the formal leadership roles in a medical practice. What many practice administrators fail to realize, however, is that there is another, complementary leadership model that exists between the lines in an org chart: informal leadership. This article defines the term informal leadership and describes informal leaders' three bases of power. ⋯ This article also offers practice administrators practical tips for dealing effectively with informal leaders who oppose them. It suggests strategies for counseling a reluctant informal leader and for developing the informal leaders in a medical practice. Finally, this article argues that informal leaders can be a source of great help for medical practices that have been downsized or restructured.
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December is a busy month for holiday fun, but don't neglect your financial health. Physicians should review their business and personal finances at year end to ensure they are on target both for income generated and taxes paid. Preparing for the April 15 tax filing is aided by a thorough review in December. ⋯ Make sure to look at your business profit/loss statement and balance sheet. Personal contributions and other tax planning strategies need to be completed by the end of the year. Your CPA can help!