In-House Medical Transcription Vs Outsourcing
You know your medical practice needs medical transcriptions as part of its daily operations. Medical transcriptions allow physicians to verbally record notes and patient procedures and have those recording transcribed into electronic format. But should medical transcriptions be performed in-house or outsourced to a medical transcription company? There are pros and cons to each approach. […]
Practice Website Development
More and more consumers are making buying decisions based on online research. Building a strong online presence will help prospective patients find your practice and make a buying decision on their own, saving you time and money trying to acquire their business. A strong, professional-looking website is a key marketing component of any successful practice. […]
Group Practice vs Hospital
One of the biggest questions you have to answer when starting your medical career is āWhere do I want to practice medicine?ā Many established medical professionals own their own practices, or practice medicine in a doctor-owned group setting. But more and more recent med school graduates are opting to work in a hospital setting. Which […]
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 ābuildā 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, itās 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 industryās 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 thatās 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. Thatās why itās 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 […]