The Pros and Cons of choosing a Medical Practice Location
When a doctor is considering starting or relocating a medical office, one of the biggest considerations is the Medical Practice Location. Choosing the location for your practice first depends on the type of environment that appeals to you, and the types of patients that you would like to care for. The location of your office…
What to consider when joining a Medical Group Practice
Many doctors consider joining a Medical Group Practice instead of establishing their own solo practice. A medical group practice is a collection of physicians who have come together contractually or in partnership for the purposes of managing a practice and sharing the care of patients. Once they have established themselves as a legal entity, the…
What is a Medical Group in Healthcare and how does it work?
In Healthcare, the landscape is always changing. One of the new models of care is provided by an entity called a Medical Group. Here is how Medical Groups work: Health plans contract with groups of doctors to provide health care. These groups of doctors are called Medical Groups. Medical groups can range from small practices…
What Doctors need to know about Non Compete Clauses
A non compete clause is very important to consider when starting your own practice, seeking new employment, or transitioning with a retiring physician. A physician restrictive covenant, also referred to as a non compete clause or non compete agreement, is a clause or section in a physician’s contract whereby a physician agrees not to engage…
Important considerations for Medical Practice Transitions
When considering medical practice transitions, doctors will need ample time and a lot of information before starting the process. Three of the largest medical practice transitions doctors and administrators face are physician retirement, office relocation and practice acquisition. When healthcare professionals navigate these big shifts, they will often overlook or neglect important aspects of their…
How many exam rooms do you need in a medical office?
When deciding to start your own medical practice, one important question to consider is: how many exam rooms do you need? The answer really depends on the type of practice you’re planning to have. If you are planning a solo practice, instead of a group practice, and whether you need additional space for a surgical…
The Pros and Cons of Buying A Medical Office as a Doctor
As a step towards growing their medical practice, many doctors consider Buying a Medical Office and are unsure if it is a better option than leasing. Before that step, you should consider in detail the best location, and once you know where, the next step is whether to rent or buy a property for your…
The Pros and Cons of Renting A Medical Office as a Doctor
Many doctors consider renting a Medical Office and are unsure if it is a better option than buying or building their own office. Before that step, you should consider in detail the best location, and once you know where, the next step is whether to rent or buy a property for your medical practice. For…
How to plan for your Medical Practice Holiday Closure
A Medical Practice holiday closure can be fraught with frustration and hurt feelings, but only if there is unclear policy and miscommunication. Everyone has personal requests around the holiday season, so it is important to prepare ahead of time. Even though holidays are typically common knowledge, it is important to plan ahead as much as…
What you need to consider before choosing a Medical Office Location
When considering starting a medical office, one of the biggest considerations is the actual Medical Office Location. Choosing the site for your practice is not as simple, there are multiple variables. The location of your facility will have a significant impact on your practice. Ideal Lifestyle First and foremost, consider building a practice around the…
5 Tips for Taking a Vacation as a Doctor
The prospect of taking taking a vacation as a doctor in the current economic climate is daunting, however to avoid physician burnout, it is advisable to do take time at least once or twice a year. When taking a vacation as a doctor, it comes down to knowing to the realities of the profession. Planning…
7 Tips for a Better Medical Practice Appointment Schedule
The Medical Practice Appointment Schedule is really the life blood of your practice. This is because the revenue a doctor makes is dependent on the number of patients he or she can see. How a daily Medical Practice Appointment schedule is set up will have a major impact on your business. As the scheduling person…
What are the Benefits of a Group Medical Practice for doctors?
For a lot of doctors when they decide to go into private practice, there is a question of whether to go into a group medical practice or start a solo medical practice. Group medical practices continue to form as an effective strategy for meeting the evolving demands of an increasingly complex health care market. A…
What are the Advantages of starting a Solo Medical Practice?
For a lot of doctors when they decide to go into private practice, there is a question of whether to go into solo medical practice or a group medical practice. Very often, the major concern doctors have is that their lack of medical experience can be a reason to not start a solo medical practice….
How the Affordable Care Act affects Billing in a Medical Office
The Patient Protection and Affordable Care Act of, often called Affordable Care Act (ACA), is a federal law ruling aiming to protect individuals who previously didn’t have healthcare coverage but didn’t qualify for Medicaid. It is a federal statute enacted by President Barack Obama in 2010, hence it is often referred to by the colloquial…
