In the world of medical recruitment, interviews are crucial for assessing potential candidates’ suitability for a position. However, not every encounter goes as planned. In this article, we delve into some truly memorable and cringe-worthy interviews with doctors that left us baffled, amused, and perhaps a tad concerned. From unexpected background noise to astonishing admissions, these anecdotes serve as cautionary tales and reminders that even the most seasoned professionals can sometimes miss the mark.… Read the restRead more
I started my practice in 2018, and since then have bought into a new medical building as a condo owner. Often times you will hear that owning the real estate for your practice can be one of the best investments that you will ever make. Lets take a look today at my cash on cash return and see how good of an investment so far this has given me.… Read the restRead more
Today’s post is a big learning experience for me. This post will go over terminating my office manager and the red flags that I ignored along the way. We are always learning, especially owning a business and practicing as a physician. I sure learned a lot based off of hiring and firing my first ever office manager.
This post will not get into bashing the manager.… Read the restRead more
Starting a new medical practice is an exciting endeavor that requires careful planning and financial consideration. Whether you’re a physician looking to venture into private practice or a group of healthcare professionals aiming to establish a clinic, understanding the financial aspects is crucial. In this blog post, we will explore the various factors involved in determining how much money it takes to start a new medical practice.… Read the restRead more
As a physician, our primary focus has always been on patient care and well-being. However, with the evolving landscape of healthcare, many physicians are now starting to question if private practice might be right for them. In this article, we will explore how I transformed my clinic into a thriving business without compromising patient outcomes.
It Is Tough Out ThereRead more
Another year has come and gone. It’s time to celebrate the accomplishments of the past year and look at ways to improve the upcoming year. However, throughout all the holiday parties, you need to make time to complete the checklist that I do every end of year for my medical practice.
The checklist helps me ensure that I keep an eye over the business large picture.… Read the restRead more
Flat salary compensation models are becoming less common. Instead, production models have become much more popular. These contracts are often called an RVU based contract. Today’s post I will go through RVU based contracts and what you need to know to avoid in these contracts.
When you submit a bill to insurance companies, they assign a value to each code.… Read the restRead more
I really love all my employees. However, sometimes employees will try to take a mile if you give them an inch. Running a business is hard, and with the rise of quiet quitting, I figured it might be important to talk about ways that employees may try to take advantage of you or your business.
Some of these issues might seem harmless.… Read the restRead more
With inflation reaching record levels, many medical practices are going through the rate negotiation process with insurance companies trying to get better pay. If you have never done this before, that’s okay. I was new to it also until a few years ago. Let me tell you the theme of dealing with commercial insurance companies for rate negotiations. Intentionally difficult and broken.… Read the restRead more
Electronic medical records, or EMR for short, is a big decision for your company to decide which one will be used. This should be one of the most important things you “stress” over when you start up your practice. We decided to change from Practice Fusion to AdvancedMD. This decision was one that we have been mulling over for about a year.… Read the restRead more