Build Or Buy: In-House Medical Coding Vs. Outsourcing
What is the most cost-effective way to conduct medical coding in your healthcare practice? Some doctors choose to hire an in-house medical coder, while others choose to outsource these services to a medical coding company. Those who use in-house coders essentially ‘build’ a medical coding practice within their own healthcare practice. Those who use outsourced […]
Hiring A Business Consultant
As a practicing physician, your top area of expertise is medicine, not business. For many doctors, hiring a business consultant is a sound investment because it allows them to work with an experienced professional who has a fresh perspective on the way their practice runs as a business. In order to reap the biggest benefits […]
Determine Employee Benefits
When recruiting top talent for your medical practice, it’s important to determine which benefits you will offer your employees. Some benefits are required by law for certain types of medical practices in certain states. Others are optional but may help you attract the industry’s best and brightest to your practice. Still other types of benefits […]
Types of Medical Insurance
Insurance plays a big part in the daily operations of any small business. Like the average business owner, your medical practice needs coverage for everything from employee benefits to rental insurance. But in addition to choosing coverage for normal small business liabilities, medical entrepreneurs have to decide which types of medical insurance to accept from […]
Choosing A Payroll Company
There are over 400,000 payroll companies currently operating in the United States. How are you supposed to find one that’s right for your medical practice? First, consult with your attorney, financial advisor, or an independent CPA about the benefits of outsourcing your payroll to a third party. Next, obtain referrals from other medical practices similar […]
How To Choose A Medical Management Firm
As your medical practice grows and changes, your business needs are bound to grow and change as well. That’s why it’s important to choose a medical management firm with the experience and flexibility to guide the choices you make in your practice, both now and in the future. While you may start off hiring a […]
The Mystery Of Medical Transcription
Medical transcription is an integral part of the healthcare industry, and an important element of any growing medical practice. Medical transcription was created to help doctors see more patients. Instead of spending hours taking notes and filling out medical records, doctors can simply record their notes verbally into a digital recorder. Once they are finished […]
Employee Benefits
When you first open your medical practice, you may not be able to offer your employees all of the benefits you’d like to. Since employee benefits can be expensive, it’s important to pick and choose those benefits that will help you secure top talent without breaking the bank. Health insurance is an important benefit that […]
How to Choose a Medical Legal Firm
There are four important things to consider when choosing a medical legal firm to represent your practice. First, consider your level of comfort in dealing with a particular lawyer or legal team. Make sure you meet in person to assess how comfortable you feel entrusting this particular individual or group with highly personal, sensitive information. […]