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The Competitive Advantage of Strategic Planning

Medical practices that consistently apply a disciplined approach to strategic planning are better prepared to evolve as local markets change and industry undergoes reform.
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How to Evaluate Medical Billing Services

When a medical practice decides to outsource billing, a key priority is choosing a reputable vendor they can trust with their patient’s medical information.
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Successful Medical Practice Succession Planning

Succession planning is one of the most important decisions a physician will face, yet many neglect to plan their exit until they're ready to retire.
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Do You Know the Shared Vision of Your Private Practice?

It is imperative that all physician owners have a shared vision and that all staff members are aware of the desired future direction of the practice.
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The Burnout Burden: Why Doctors Need Help From Leadership

Placing the burden on doctors to restore their own work-life balance overlooks burnout’s structural causes over which physicians have little control.
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The Impact of Pro-Competition on Small Providers When Healthcare is Booming

US healthcare is booming. In 2017, healthcare overtook both retail and manufacture as the nation’s foremost employer– not just of physicians and nursing staff,...
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What Medical Practices Should Know About Joint Ventures

Forming a joint venture with another healthcare organization may be seen as a plausible solution. The success of a joint venture though highly depends on thorough research and analysis of the objectives. Here are some pros and cons of joint ventures for medical practices.
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How to Meet the Challenge of a Strategic Merger of Practices

The decision to merge should be fully vetted before physician groups decide to go ahead given the risks and the average performance of returns.
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Can Nomad Health Cure Your Staffing Woes?

Nomad has created a digital platform that helps healthcare professionals looking for work connect with healthcare facilities looking for staff without the need to go through a third-party recruiter or broker.
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Is a Joint Venture Right For Your Practice?

A joint venture is an agreement between two or more healthcare entities usually entered with a specific goal in mind. Each party is invested in terms of capital contribution, the time and effort put forth to complete the defined tasks. The partners pool their resources and expertise and share in the risks and rewards.
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Can Cyberattacks Cause Human Fatalities?

From hacking into medical devices to altering AI algorithms, cyberattacks pose a threat to human health and could even be fatal. Healthcare organizations must understand the true extent of these types of threats and put into place the right proactive measures—the public's trust depends on it.
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EHRs Can Advance Good Medicine If Doctors Are Aware of the...

EHRs weren't designed to enhance the doctor-patient relationship, but there are simple ways doctors can refocus visits on the patients.