As the year comes to a close, it’s time to make final preparations for 2007:
1. Send out 2007 holiday closings: The typical holidays to close a practice would be New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas. Other days often given are the day after Thanksgiving, and half or whole days on Christmas Eve and New Year’s Eve.
2. Meet with your billing staff to insure that you are ready for the CPT coding changes for 2007 and that your computer system has been updated.
3. WIth the congressional action last week that reverses the Medicare fee cut, you can revise your budget to reflect this action.
4. Meet with your accountant and plan final spending plans, the distribution of profits to the owners and year end tax planning.
5. Take some time for yourself – this coming weekend could be extended by one or two days.
6. If you haven’t already done so, schedule your annual staff compliance meeting in January. This is the annual meeting to review your compliance plan with all staff and for acknowledgements to be signed.
7.Plan a good start for the first workday in 2007. You might start office hours a half hour later, bring in coffee and snacks, and give a pep talk to start the new year: thank everyone and recommit to helping your patients as best you all can.
Focusing on these issue will close out 2006 and set you up for a good start for the new year. I’ll be writing about first quarter goals in the coming weeks.