Richard Baron, the CEO of the ABIM Foundation, talks about how professionalism can help physicians shape a more satisfying career in medicine. This involves championing stewardship of resources on behalf of patients, engaging in social justice, and finding joy in the practice of medicine.
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In order to estimate out how much disability insurance doctors need, they have to figure out how much life would change if they suddenly couldn’t work.
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Communication failures are a contributing factor in 27% of medical malpractice claims. Eliminating them could reduce medical errors and patient injury.
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In order to help patients implement consistently healthy strategies, doctors must increase the number of touchpoints with them outside of office visits.
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Valuing a medical practice is more of an art than a science and you must always keep in mind that the “Asking Price” is NOT the purchase price.
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For those that are considering merging with another private practice entity, applying a systematic approach to strategic due diligence can yield huge returns to practices considering mergers.
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There’s no trust anywhere when it comes to healthcare-a new survey shows that hospital systems & doctors don’t trust health plans & plans don’t trust them.
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Successful leadership coaching of physicians may require that they understand the theory and research underpinning the field of coaching first.
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Financial metrics not only help to track the performance of your practice but also can be used to increase accountability of your in-house staff as well as outsourced billing companies.
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Social media offers doctors opportunities to educate patients, provide better customer service, reduce visits, improve scheduling, and increase loyalty.
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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.
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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.
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