The purpose of a budget is to help a practice spend less than what it earns. Benchmarking indicates whether a practice is underachieving or overachieving compared to similar businesses. Learn more.
A practice with disengaged employees risks bleeding cash, says Amy Koon of the medical practice management firm Keystone Medical. In this article, Ms. Koon highlights key steps necessary for creating employee engagement.
Annual employee performance reviews rank near the top of least favorite tasks for most physicians and their staff. Here are 6 questions to ask your employees to get the most out of the review process.
The holidays offer some time to unwind and recalibrate before the calendar flips to the new year. If you enjoy reading, here are five recommendations we hope will resonate with you, inspire you, and maybe move you into the New Year with just a little more insight and enthusiasm.
Dr. Norman Levine offers bits of advice for those considering this type of change in your practice for those considering selling their practices to venture capital-backed enterprises based on his experience with one such company.
Structure and frequency in the performance review process can create effective two-way discussions. Point out plenty of positives to keep the employee at ease during the review.
Three tactics to set your employees at ease and to facilitate effective two-way discussions.
Patricia Farris, M.D., shares her experience rebuilding her business after a hurricane. Here’s what she learned.
If we do not evolve ... we will soon be an extinct species of medical practitioner, Dermatology Times Editorial Advisor says in his column this month. He shares his experience and considerations with negotiating the sale of his practice to a venture capital backed firm.
80% of practices will experience embezzlement every five years. To protect yourself, one expert advises: Avoid blind trust; rely on written checks for refunds; separate employee duties; routinely audit financial systems; and consider going cashless.