No, it’s not a trick question! While most of us think we know the difference between the two concepts, do we? And do we realize how confusing the terms might affect our bottom line? Because frequently, the two terms get used interchangeably. People mix them up and use them without qualifying what they represent! And …
Practice Finances: What Numbers Should I Track?
When it comes to the clinical side of your practice, there are “things you know for sure.” You know that a 2.9 potassium indicates your patient is headed for trouble unless proper intervention occurs. You know a blood pressure reading of 170/95 needs to be dealt with at once. You know an A1c of 14.5 …
Clinicians Business Tip-Business Skills: Why You Need Them To Survive (And Thrive) Today!
While the March 1st automatic cuts will affect many areas of the economy it is estimated that up to 766,000 health care related jobs could fall victim to the 2% cuts in Medicare spending. (Joint report AHA, AMA & ANA Sept 12, 2012.) But the risk of being lost is not limited to jobs alone. …
Improving Practice Revenue
A common concern of practice owners, especially with the real and potential cuts in reimbursement is “How can I generate more revenue?” The topic is discussed not-to-infrequent in the NPBO™ forum, on health care provider social media groups and the subject of questions I receive in my in box. On Thursday 4/22/2010, we will be …