Monthly Archives: June 2013

What We’re Reading – Three Additional Income Opportunities for Physicians

Today’s economy and low reimbursement rates are forcing physicians to put on their “entrepreneur hats” since they cannot solely rely on shrinking insurance payments. This article provides some good suggestions for revenue generation that will help your bottom line and … Read Full Post

Tagged clinical research studies, entrepreneurs, in house laboratories, in-house labs, income opportunities, income opportunities for physicians, independent medical examinations for legal cases, pharmaceutical company, speaking engagements, speaking engagements for pharmaceutical companies |

HR Issues for the Small Business: Payroll issues (Part 2)

Last Monday, we reviewed hiring issues that can wreak havoc in small companies. In this second blog of our three-part series, we will look at the two areas in payroll administration that, if not handled correctly, can lead to serious … Read Full Post

Tagged employee classification, exempt employee, fair labor standards act, home health agencies, hr issues, human resource issues, internal revenue service, non-exempt employee, payroll administration, payroll issues, payroll taxes, small businesses, small practice, trust fund recovery penalty |

What We’re Reading: Four Easy Ways to Boost Patient Time of Service Collections

In this age of insurance plans with high cost-sharing (e.g., deductibles, co-insurance) requirements, a solid collections policy is critical for every medical practice. When practices are lax about checking patient eligibility for services and ensuring a complete picture of what … Read Full Post

Tagged boost patient time, health plan, healthcare financing options, insurance coverage, insurance plans, medical practice, patient eligibility, payment plans, service collections |

HR Issues for the Small Practice: Hiring (Part 1)

Some fledgling organizations opt for hiring family members. In some cases, they may be less expensive than external employees, and for some providers, there is a higher trust or loyalty factor to hiring kin. Although we understand the many reasons, … Read Full Post

Tagged employing family members, hiring decisions, hiring employees, hiring family members, home health agencies, human resource issues, practice management, small practice hiring, small practice hr issues |

HR Issues for the Small Practice: How NOT to Fly by the Seat of Your Pants

Many small provider organizations operate in a more informal manner, dispensing with certain formalities like job descriptions, time sheets, and established disciplinary policies, While we are not employment attorneys, we cannot over-emphasize how costly the lack of human resource policies … Read Full Post

Tagged home health agencies, hr areas, human resource issues, human resource policies, small practice hr issues, small provider organizations |

What’s the difference between Type 1 and Type 2 Diabetes Mellitus?

According to the American Diabetes Association, diabetes mellitus (DM) is a “group of diseases characterized by high blood glucose levels that result from defects in the body’s ability to produce and/or use insulin.” Insulin is a hormone that helps the … Read Full Post

Tagged american diabetes association, controlled diabetes, diabetes mellitus, diabetes mellitus type 1, diabetes mellitus type 2, diabetes with complications, diagnosis of diabetes, high blood glucose levels, iddm, insulin dependent, juvenile type diabetes, niddm, type 1 dm, type 2 dm, uncontrolled diabetes |

What We’re Reading – Effective Cost Management for Your Medical Practice

Given our country’s limping economy, having an effective cost management plan for your medical practice is crucial to keeping your doors open. This article offers guidance on how to accomplish this without sacrificing quality of care to your patients. A … Read Full Post

Tagged cost management, direct costs in a medical practice, effective cost management, fixed costs in a medical practice, medical practices, medical supplies, overhead costs in a medical practice, practice management, variable costs in a medical practice |

Long-Term Care: The Second Career That Benefits Our Healthcare System

The demographic changes affecting our country are inescapable and our healthcare system is feeling the strain. The CDC reports: 13% of the population is over the age of 65 and will increase to 19% by 2030; In the same time … Read Full Post

Tagged home care, home health agencies, home health care visit, homemaker/companion services, long-term care, long-term care business, national association for home care hospice, non-skilled care, nurse registries, personal care, private duty agencies, skilled care |