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Medical Practice Business Blog

Providing health care of all kinds is becoming more and more challenging. To run a successful practice, you must also run a successful business. We'll show you how to do that and keep you up to date on the latest news.

Go to the Medical Practice Center for more advice, feature articles, and other resources to help you successfully run your practice.
Latest Posts

Employers face 10.5% cost increase
August 26, 2009, 6:55 AM
Aon Consulting surveyed leading health plans and projects that health costs for employers will rise 10.5 percent next year.

From CMS: Medicare Quality Demonstration Paying Off
August 18, 2009, 6:00 AM
CMS issued a press release reporting that financial incentives for improving the quality of care is paying off. Here is the full text.

Balance
August 17, 2009, 3:30 PM
Bringing business principles into a physician practice should be tempered by the primary purpose - the physician and patient time. It's a matter of finding the right balance between the two.

Where Goes Health Reform
July 27, 2009, 6:25 AM
Health reform continnues to move forward. Yes, it's scary, but anything different requires a degree of faith.

Coalition Pushes to Cut Admin Costs - Save $50 Billion a year (ok, maybe 25)
July 20, 2009, 10:20 AM
A coalition of healthcare organizations, including MGMA, AAFP, AHIMA and others, is working to simplify administrative complexity and costs.

Getting Ready for Reform
July 17, 2009, 12:10 PM
A recent McKinsey survey reports that only 30% of healthcare industry executives say that their companies are ready for reform. Regardless of the specifics of the final legislation - o even if there is legislation - it will be a ...

Reforming Day-to-Day Health Care Delivery
July 14, 2009, 6:00 AM
Dr. John Kenagy, a surgeon, executive and scholar, argues that the key to health care reform is cost control, and that the key to cost control is the organization of delivery organizations. Here's what he thinks and the job for ...

Recycled Ideas with a Dash of New Trash - It's Still Capitation
July 07, 2009, 11:35 AM
A Seattle practice has recycled ideas of capitation, no insurance practices, and practice management companies. They tied it up, convinced some VC firms to put up money for what they think is an "innovative" concept, and gotten press. You be ...

Primary Care to Gain Fees: CMS Announces Several Proposals
July 06, 2009, 10:50 AM
CMS has announced several proposals that will make dramatic revisions in physician payments, Consultation codes will be eliminated and the monies shifted to the E/M codes; imaging, physician provided drugs and other changes are in the works.

Getting Test Results to Patients - Maybe
June 25, 2009, 11:05 PM
A study this week finds that physician practices too often fail to tell patient about lab results - including findings that require follow up and treatment. There are better practices.



Latest Comments in Medical Practice Business Blog posts

The e-prescribing initiative will eliminate common errors associated with handwritten prescriptions, including wrong drugs sold because a pharmacist can't read a doctor's writing, and a lack of drug interaction checks, said Dr. Nancy Dickey, president of the Health Science Center and vice chancellor for health affairs at Texas A&M University System.
_________________
Aumentar El Pene ...
By: allangering on 11/12/09 at 12:51 AM
Free e-prescribing software available
This term has been used over and over in business. In the 80's hospital systems hit the income wall and learned to cut costs, change business models and prosper. Physicians just think they can work through the wall by seeing more patients yet most sell their product when they have no idea of what their costs are. Applying basis business concepts to the practice of medicine will yield dramatic results. Large health systems like Johns Hopkins have recognized this and are aggressively training their staff.
http://joycemdmedbizblog.wordpress.com/
...
By: David Joyce MD on 10/26/09 at 1:24 PM
Have physicians hit the income wall?
It sounds wonderful to only consider the care of the patient and somehow everything will go well. When you do this the patient surely benefits but the provider will suffer, unless the business framework is such that they can sustain themselves. Consideration of business concepts from the time of enrollment into medical school straight through to everyday clinical practice is vital to the sustainability of every provider. How to instill this concept into every provider is the real question.
http://joycemdmedbizblog.wordpress.com/ ...
By: David Joyce M.D. on 10/26/09 at 1:12 PM
The Real "Business of Medicine"
Try:
http://www.physicianspractice.com/files/pdfs/TheGuide_MAR08.pdf

and

http://www.himss.org/content/files/App_C.pdf

Unless you build your own, there are always compromises. Ask around and find other practices uses e-prescribing and sit with them. The vendors will give you references, of course, but ask around through your medical society, specialty society, and have your administrator ask through their contacts.

Peter ...
By: Peter Lucash on 7/20/09 at 10:39 AM
Free e-prescribing software available
I like to think that most prescribing professionals understand the value of using an E-Rx system. I am still looking for a web site that discusses the pros/cons of the various e-Rx software options. There are more coming on board all the time.
i have personnally used three distinct stand alone software systems. There are serious problems with those i have used including my current system. Being too "busy", too many clicks, repeating search info, poorly interfacing with a "practice" process.I spend too much time on clicking and repeating. Developers "say" they talk to us but do they sit in our offices and truly understand the dynamics involved? I think not. My experience of using E-Rx is over 5 years i am still looking for something that is not cumbersome and is truly prescriber friendly.
By: Anthony Pucek on 7/17/09 at 3:56 PM
Free e-prescribing software available

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