Practice Management: our blog

Practice Management: our blog2023-05-25T14:08:11-08:00

Responding to external trends that threaten practice profitability

By |July 21st, 2018|billing and practice management software (PMS), finances, front office tools, lost revenue, medical practice business, revenue, revenue, billing and collections, technology|

When we work with physicians and managers who've found their financial results have inexplicably declined, they often wonder why the profit numbers changed when the practice is still managed in the same careful way as before. It's a puzzle and a disappointment and a huge source of frustration! But therein

You can’t cut your way to growth [practice management tip: financial management]

By |July 6th, 2018|finances, medical practice business, practice improvement, practice management, practice profitability, tips|

Practice management literature often offers advice about cutting expenses – advice that promises cost-cuts improve margins and “directly boost the bottom line.” Many physician owners and practice managers seem to have internalized the idea, so they’re always on the lookout for things to trim. But is this the best way

Fix the problem, not the blame [practice management tip: operations and workflow]

By |June 27th, 2018|front office tools, human resources, managing people, medical practice business, operations, revenue cycle, revenue, billing and collections, tips, workflow, workflow|

“Fix the problem, not the blame” is a well-known Japanese proverb. It sounds like common sense – isn’t fixing problems what we all ultimately want? But when mistakes happen, the search for culprits instinctively begins – and with it often comes demoralization and tension. Worse, the search for a scapegoat

Reducing the cost of no-shows at your medical practice

By |June 11th, 2018|lost revenue, medical practice business, patient service, practice management, practice profitability, productivity, revenue, revenue, billing and collections|

(c) Sheri Swailes - fotolia.com No-shows can be a huge drain on medical practice finances. Time that is booked but ultimately generates no revenue is a loss that comes right out of your bottom line. It’s similar to what airlines experience when they have an unsold seat –

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