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Performance metrics help you know how well the practice is doing as well as determine what needs to change and what should stay the same.
We should view strategic planning as a process that involves continuous adjustment and improvement. It is a solution-by-evolution, not a solution-by-engineering.
A physician partner can help you grow your practice, but you have to carefully identify what each of you wants from the partnership and craft it carefully.
Here are four areas practices should be attentive of in order to prevent losing current patients.
Knowing how to choose an IT service provider that is right for your company can be daunting. You need to know what you need, why you need it, and who provides it.
In spite of the increase in the number of scribes, there is little standardization in their training or clarification of their appropriate role within the EHR.
LLCs provide asset protections for physicians, but they may also provide significant tax benefits if Trump's proposed tax plan becomes law.
Done well, strategic planning is an extremely valuable activity that greatly improves practice performance; done poorly, it can be a waste of time.
Medical practices facing a competitive threat need to find ways to get out of the echo chamber and evaluate the situation objectively, using outside perspectives from experienced professionals.
Although your practice may be doing fine now, there may come a point where bringing in a partner could make sense, particularly if he or she has skills and experience that complement yours, and can assist with achieving the growth and health of your practice.
Experiences that leave patients feeling truly cared for and competent in their ability to contribute to their own health are an important part of the pathway to the continuity of care.
Entrepreneurial physician leaders must be innovators, taking charge and continuously scanning the outside environment for new and fresh ideas.