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Practice Management

Poised for Growth: 2 Ways Practice Management Software Can Help

Posted on January 16, 2017 By Michael Sculley
Starting a medical practice is tough enough, but running one can be even tougher in the long term. Practice owners or managers have to contend with a variety of challenges, including keeping up with the latest in regulations and laws while simultaneously balancing budgets with patient satisfaction. ...
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Practice Management

EHRs: Shorten the Time to Positive ROI in Your Medical Practice

Posted on October 15, 2014 By Michael Sculley
In a study of 17 primary-care clinics, Canadian researchers found that providers were able to achieve positive ROI on their EHR investment within 10 months, on average. The main reason was an increase in the number of patients each clinician could see after the EHR implementation—a 27% increase in...
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Practice Management

Living Versus Irrevocable Trusts: What Docs Should Know

Posted on September 23, 2014 By Michael Sculley
Trusts can be among the most significant components of a physician’s financial and estate planning, but not everyone understands them or how they can affect a medical practice. A revocable living trust is a set of assets that you can add to or take away from while you are alive. Living trusts ...
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Practice Management

Physicians and Stolen Tax Returns: Avoiding Medical Practice Fraud

Posted on September 22, 2014 By Michael Sculley
Physicians are not normally the segment of the population that comes to mind when one thinks of filing fraudulent tax returns. During this year’s tax season that culminates on October 15, 2014 for those who filed for extensions for turning in their tax returns, some physicians in Texas are rea...
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Practice Management

Boost Medical Practice Revenue with Technology and Human Resources

Posted on September 3, 2014 By Michael Sculley
We understand the challenges facing private providers – shrinking reimbursement rates, increasing compliance mandates and an influx of newly insured patients, some who haven’t seen a physician in years. Naturally, these challenges have some practice managers struggling to find ways to boost reve...
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Practice Management

Selling Your Medical Practice? Do These Things…

Posted on August 19, 2014 By Michael Sculley
Legal experts advice physicians to start preparing for the sale of their practice several years in advance. Careful planning ensures accurate valuations so that physicians are not compelled to sell their practice during unfavorable market trends. Retaining a team of professional appraisers, accounta...
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Practice Management

Stressed Docs – Manage Work-Life Balance in Your Medical Practice

Posted on August 5, 2014 By Michael Sculley
Physicians work more than most people realize. In fact, the time they spend helping others through their medical practice often leads to serious imbalances in their own lives. While it may be impossible to fully alleviate this difficulty, there are some steps that physicians can take to bring more e...
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Practice Management

Is Your Medical Practice At Risk for Cyberthreats?

Posted on July 25, 2014 By Michael Sculley
Unfortunately, medical practices cannot be fully guaranteed for protection against cyberthreats by even the most cutting-edge computer software. However, specific plans and actions can be implemented that significantly contribute to preventing cyberattacks from compromising sensitive medical data an...
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Practice Management

5 Medical Practice Staff Retention Strategies That Work

Posted on July 3, 2014 By Michael Sculley
A shockingly high number of US businesses don’t have a formal strategy for employee retention. Considering the time and money it takes to successfully educate the folks who work in your medical practice, if you haven’t considered retention, you’re not thinking clearly. Here are five no-nonsens...
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Practice Management

What Docs Need to Know about E-Cigarettes

Posted on June 9, 2014 By Michael Sculley
Seven years after they first hit the market, electronic cigarettes are on the brink of being regulated by the U.S. Food and Drug Administration. The FDA proposed a set of e-cigarette regulations that would include: Prohibiting their sale to minors Requiring manufacturers to include health warnings R...
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