November 26th 2024
Many dermatologists want to donate to charity while maximizing tax benefits, and certain tools can help achieve this.
Reform's ramifications: Will Congress' current emphasis on primary care help, or hurt, specialists?
December 1st 2009In healthcare reform discussions, there is an emphasis on primary care. We wondered what dermatologists think of this, and whether this could diminish specialty practices and/or impact patient care.
Payer contracting: Learn effective ways to tip the scales in favor of your practice
November 1st 2009Looking for ways to reverse your dermatology practice's declining reimbursements, but don't know where to start? Try going to the source, or rather, sources - the terms of your payer contracts, that is. This article suggests some key items to seek in your next contract.
Group practice pitfalls: New financial threats demand more protection for your wealth
November 1st 2009If you think medicine is a difficult business today, you are about to face your largest financial challenge ever. There is an approaching confluence of events that could have a significant financial impact on most doctors, unless you do something to protect yourself.
Crash course: Seasoned derms offer 'newbies' advice on the business side of medicine
November 1st 2009Are dermatologists coming out of residencies prepared for dealing with the challenges of running a practice? We asked dermatologists around the country if they think young physicians are prepared to make business decisions.
Getting the red out: A focused, strategic approach will keep you 'in the black'
September 1st 2009Neither being on the brink of major health reform nor living through the tumultuous economy will give you any relief from the challenges to your dermatology practice's bottom line. As employers continue to push more financial responsibility to employees, the ranks of the uninsured surge daily,
Destroying benign lesions: Are you getting your money's worth?
September 1st 2009Next to biopsies and the destruction of premalignant lesions, the third most common bread-and-butter service for dermatologists is the destruction of benign lesions (CPT codes 17110 and 17111). In this article, we will discuss the proper use of these codes, rules that govern their use and bundling issues
Practice efficiency: Streamline patient flow with effective office strategies
August 1st 2009Efficient patient flow makes wise business sense - there's no CPT code for the time you spend waiting to talk to the nurse, or idling while a patient is being roomed. Eliminate this non-productive, non-reimbursable time by streamlining your workflow.
Internal buyouts: Plan well; sell your medical practice for millions at retirement
May 1st 2009As attorneys and consultants to thousands of physicians across the country, we are constantly astounded by the attitudes of physicians regarding the sale of their medical practices. Most often, today, we hear the complaint that doctors do not feel they can sell a practice for any significant value. They generally do not feel the practice is "worth anything," especially if they do not have younger partners to buy them out.
Tending to business: Follow these recommendations to help navigate tough times
May 1st 2009Practice management consultants Elizabeth W. Woodcock, M.B.A., the founder of Woodcock & Associates, Atlanta, and Pamela L. Moore, Ph.D., director of content and strategy for Physicians Practice, Inc., offer these tips for protecting your practice during tough times
Business Consult: Cutting costs: Find savings to help your practice survive tough times
May 1st 2009Revenue is flat, even dropping, at many dermatology practices. The recession that began last year is leading more Americans to cut back on preventive care, as well as elective procedures and treatments.
Navigating the banks: New service charges, confusing options, varying interest rates abound
May 1st 2009Among the most hard-hit victims of today's troubled economy are the nation's banks. New service charges, confusing account options and wildly varying interest rates are just some of the techniques some banks are using to help pump up their slumping profits - at your expense.
Slide show: Is it time to start your own lab?
March 1st 2009With the economy in the gutter, businesses closing left and right, and hundreds of thousands of Americans being laid off or losing their jobs, owners of medical practices are starting to worry how the slumping economy will affect their practices short- and long-term.
YouTube for doctors: Standard protocols do not yet exist for this medium
February 11th 2009Do you want to share a video of yourself discussing a medical topic, or demonstrating a new procedure? Visit www.thedoctorschannel.com, where you can view videos uploaded by other physicians, and upload your own material.
Going green: Eco-friendly measures reduce costs, attract new patients
February 1st 2009If your practice hasn't jumped on the eco-friendly bus already, maybe it's time to catch a ride. 'Going green' can make good business sense. Savvy dermatology practices recognize that consumers gravitate to businesses they perceive as socially conscious. In addition to attracting patients and helping the environment, being environmentally friendly may also help you reduce costs.
Silence, please! Turn off your 'toys' when you are in a meeting
February 1st 2009With increasing frequency, I have noticed that many audience members at medical meetings are dividing their attention between the speakers and their Blackberries and laptops. Some audience members keep both their Blackberries and laptops running throughout the meeting, and are not engaged at all in the meeting - but I am sure they will claim CME credit for "being there."
Expanding scope of practice : Address cosmetic needs of current medical, Medicare patients
February 1st 2009The full-body skin exam is the perfect opportunity to talk with patients about all their skin concerns, including cosmetic. One expert explains how dermatologists can turn medical and Medicare patients into cosmetic patients.
Feeling the pinch: Economy squeezes Aesthetic bookings; proactive push helps derms stay busy
January 1st 2009National report - The precarious U.S. economy has slashed patient spending on Aesthetic treatments, and some dermatologists say medical bookings also have declined since the stock market plummeted in the closing months of 2008.