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#8 Key Metrics We Should Use to Gauge the Financial Health of Our Medical...
Chip and I continue our discussion on key reports we ought to be looking at when assessing the financial health of our practices. In this AwesomeCast, Chip and I talk about E/M distribution,...
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#20 Key Performance Indicators Smart Practice Managers Measure [Pediatric...
For today’s AwesomeCast, I invited my friend Paul Vanchiere from the Pediatric Management Institute. Apparently, Chip had more important things to do… Pfff. Family. So he was MIA for this recording. If...
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What Every Pediatric Practice Manager Needs to Know About Vaccine Inventory
This is a guest post by Paul Vanchiere. He is the co-founder of Pediatric Practice Institute, a pediatric centric service company that helps practices and healthcare networks leverage their success and...
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#23 Step by Step Guide To Setting Prices For Your Medical Practice [Pediatric...
At the end of last year, Chip and I talked about New Years resolutions. I shared a few things I had on my list of things I wanted to accomplish in 2014 and Chip provided several suggestions we could do...
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What Does Taking Patient Vital Signs Have To Do With A Medial Practice’s...
I don’t know about you, but when I first started managing our practice, it took me a while to understand what part of the business I needed to measure. In other words, what were the best performance...
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Want To Be An Awesome Practice Manager? Learn How To Calculate This Key...
Revenue per encounter is an excellent barometer of your practice’s financial health. There are many things that influence the revenue per encounter and consequently allow you to see the impact of...
View ArticleWhat Do Patient Lab Reports Have To Do With A Medical Practice’s Financial...
An important aspect of managing a business is learning how to read financial statements. It’s no secret, however, that most doctors don’t have formal business training. So reading financial statements...
View ArticleCan Your Medical Practice Afford To Drop An Insurance Carrier?
I worked with a practice that was in a similar situation. The partners wanted to drop an insurance plan, but they had questions they wanted to answer before pulling the trigger, so to speak. For...
View Article11 Straightforward And Practical Tips To Improve Your Practice’s Bottom Line
It is our responsibility as captains of our ships, however, to equip our practices and our staff members with the necessary tools and information if we want to have any chance of overcoming these real...
View ArticleLearn How To Create A Budget For Your Medical Practice
In medicine, the mention of the word profit is often viewed or interpreted as a dirty word. It is as if the word does not belong in the lexicon when health care is addressed. I argue (in the context...
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