#13 What Will You Do With All That Money? [Pediatric Practice Management Awesome-Cast]
For this episode of our pediatric awesome-cast, Chip and I discuss a series of little items that have piled up over the last few weeks.
We discuss pediatric practice management seminars, the avoidance of autoposting and eligibility checking, the compensation model survey, and some important considerations for those expecting the ACA-Medicaid-Payment-Adjustment boost this year.
In fact, the ‘gold’ of this episode is probably in the middle, so make sure you listen or watch all the way through!
iTunes
Google+ PPMM Community Page
Pediatric Practice Management MediaCast
Related articles
#10 Pediatric Compensation ...
Source: Pediatric Inc - June 29, 2013 Category: Pediatricians Authors: Brandon Tags: Pediatric Practice Management VideoCast Reform The Business of Medicine Clinics and Physicians Google Health iTunes medicaid payment Source Type: blogs
Are You Happy With Your Compensation?
My buddy and co-host on the Pediatric Practice Management MediaCast has put together a Pediatric Compensation Model Survey on SurveyMonkey.
The purpose of the survey is to find patterns of compensation model satisfaction among private pediatric practices.
Here is Chip in his own words:
In more plain language, I want to get to the core of why some practices are so much happier than others when it comes to how they pay themselves.
I invite anyone in the private pediatric world – practice owners, employed physicians, nurse practitioners, practice managers – to participate.
Chip is going to be sharing a summary o...
Source: Pediatric Inc - June 19, 2013 Category: Pediatricians Authors: Brandon Tags: The Business of Medicine Billing Charges Collections Compensation physician compensation RVU Survey SurveyMonkey Source Type: blogs
#12 How Do You Know When To Hire Your Next Physician? [Pediatric Practice Management MediaCast]
Recently, Chip and I saw a question posted on the SOAPM listserve that addressed this notion of when is it the right time to bring on a physician. We thought it was a great discussion topic so we decided to dedicate an entire episode surrounding some of things one ought to consider when bringing on a new doc. To give you a heads up, below you’ll find part of the email that was submitted to the listserve.
I recently interviewed a potential MD candidate. She looks fine on paper and was nice enough in the interview. But how do you know if someone is going to be right for your practice? My practice is small so bringing i...
Source: Pediatric Inc - June 13, 2013 Category: Pediatricians Authors: Brandon Tags: Compensation Contract Lessons Pediatric Practice Management VideoCast Pediatrics The Business of Medicine Employment Health Health Care Locum Medical facility Physician Source Type: blogs
Are You Being Intentional In Your Medical Practice?
Like many of us, I was gaining weight year after year. And of course, every couple of months or so I’d have plans to eat less and exercise more. I’ll just start making better choices; I’ll also bring food from home instead of eating out for lunch everyday; Oh, and I can also start walking in the evenings with the dog. These were all these things that I kept on telling myself and others.
Of course, you all know what happened. I never stuck to my imaginary goals. Why? Because I wasn’t intentional. I was expecting my lifestyle to change by chance.
After a few days, I’d go back to my normal lifest...
Source: Pediatric Inc - June 5, 2013 Category: Pediatricians Authors: Brandon Tags: Leadership Lessons The Business of Medicine Focus Intention medical practice Pediatrics Practice Management Source Type: blogs
#11 Manage My Practice [Pediatric Practice Management VideoCast]
I’m really excited about this week’s episode. In this episode, we are visited by Mary Pat Whaley from ManageMyPractice.com, one of the premiere practice management WWW sites.
We have a fairly wide-ranging discussion, but there is some focus on a popular issue, the “credit-card-on-file” topic. We also touch on practice independence, insurance contract negotiation, and more. There is some real gold here! Make sure you visit ManageMyPractice.com while you are at it!
As always, you can find our discussions in many ways:
1. Google+ Community
2. Pediatric Practice Management Mediacast PodCast
3. iTunes
En...
Source: Pediatric Inc - May 29, 2013 Category: Pediatricians Authors: Brandon Tags: Revenue Collections Contract Negotiations The Business of Medicine Innovation Leadership EMR Pediatric Practice Management VideoCast Pediatrics Podcast Source Type: blogs
Hiring Stars: 8 Steps to Help You Through the Process
Not long ago, I was asked if I could provide some insight into hiring competent staff. I told the person that we were embarking on a similar journey to find top notch employees and the best that I could do, was share the steps that we’ve taken so far. Below is what I shared with the gentlemen that asked the question:
Define Improvements
Jot down, on a piece of paper, areas in your practice you need improvements. Don’t just say, I need administrative oversight, but rather, dig deeper in your assessment. For example, one area in my practice that needs improvement is with follow-through. We have good ideas, but ...
Source: Pediatric Inc - May 22, 2013 Category: Pediatricians Authors: Brandon Tags: Employee Marketing Policies Practice Management Candidate DISC assessment Employment Human resources Interview Job description Job interview Myers-Briggs Type Indicator Personality test Personality type Recruitment Work ethic Source Type: blogs
#10 Pediatric Compensation Models [Practice Management VideoCast]
In an amazing feat of timely discussion, Chip cover the topic of compensation models in pediatric practices.
It’s not just about the pay, it’s about the management duties, performance measures, and dissatisfaction that many practices feel with their present methods of paying themselves.
We reference many real-life examples and data from a survey of 100s of pediatricians.
Chip will be covering this topic at the PCC 2013 UC and it has been submitted as a topic for presentation at the 2014 NCE with co-host Susanne Madden of The Verden Group.
During the discussion, I references a book entitled, “Physician Com...
Source: Pediatric Inc - May 15, 2013 Category: Pediatricians Authors: Brandon Tags: Compensation Pediatric Practice Management VideoCast American Academy of Pediatrics physician compensation Production Revenue RVU Source Type: blogs
What Does a Medical Practice In Kenya Have in Common With a Medical Practice in the US?
At NCE last year, I got an opportunity to meet Dr. Sidney Nesbitt. Dr. Nesbitt a pediatrician in Nairobi, Kenya and is very interested in practice management things like work flow improvements, hiring the right staff and working on making his clinic a better place for both him, his staff and his patients.
I recently heard from Dr. Nesbitt. He shared with me that a group of MIT grad students conducted an assessment of his office in Nairobi in an effort to make improvements in several areas of his practice e.g. workflow, checkin, collections, triage of the practice.
In the fall of 2009, a team of four MIT students applied ...
Source: Pediatric Inc - May 8, 2013 Category: Pediatricians Authors: Brandon Tags: Consulting Leadership Practice Management The Business of Medicine Training Health Health administration Kenya Massachusetts Institute of Technology MIT Nairobi Pediatrics United States Source Type: blogs
#9 Marketing Your Pediatric Practice [Practice Management VideoCast]
Marketing is a topic that most private practices are interested in. Who doesn’t want to get the word out about their practice and draw more patients, right?
When we think about marketing, however, we often focus on the tactics. In other words, we think about whether an ad in the paper or a post-card or social media is better than mailing a letter to daycares in the area announcing the new doc that joined the practice.
But marketing is much more than the tactics.
Unfortunately, many among us, focus too much on the tactics and not enough on the important.
In this episode, Chip and I talk about what is the essence o...
Source: Pediatric Inc - May 1, 2013 Category: Pediatricians Authors: Brandon Tags: Marketing Pediatric Practice Management VideoCast Social Media Web Marketing Business Google iTunes Marketing and Advertising Podcast YouTube Source Type: blogs
Three Questions To Help Your Medical Practice Get Back On Track
What are my practice goals?
How do I measure success towards reaching these goals?
How am I going to communicate these goals and progress to my staff?
Related articles
Do You Want to Understand the Revenue Cycle of a Medical Practice? Start Here. (managemypractice.com)
Filed under: Leadership, Practice Management, The Business of Medicine (Source: Pediatric Inc)
Source: Pediatric Inc - April 24, 2013 Category: Pediatricians Authors: Brandon Tags: Leadership Practice Management The Business of Medicine Source Type: blogs
#8 Key Metrics We Should Use to Gauge the Financial Health of Our Medical Practice, Part II [Practice Management VideoCast]
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, specifically the 9921x and how looking at these CPT codes and comparing with each other can provide a lot of insight into the clinic’s billing practices, among other things.
We also talk about Sick to Wellness ratio. Chip walks us through his process on determining the sick to wellness ratio and what are the sort of things this report tells him about a practice.
As always, we’ve made the AwesomeCast available in various for...
Source: Pediatric Inc - April 17, 2013 Category: Pediatricians Authors: Brandon Tags: Billing Coding Pediatric Practice Management VideoCast Reporting Revenue CPT Medical Billing Podcast Source Type: blogs
How to Prepare For ICD-10 The Right Way
If you’ve done any reading about ICD-10, you know that this transition will be a monumental task. Fundamentally speaking, ICD-10 is a paradigm shift. It is designed to completely transform medical documentation. And since documentation is a lot of what doctors do, inevitably these changes will impact our day-to-day practice.
In a recent AMA publication, the authors concluded that the two biggest challenges with implementing ICD-10 will be having the necessary system upgrades completed and staff training.
Preparing and planning ahead on how to manage these two main areas of concerns will greatly decide how smoothly th...
Source: Pediatric Inc - April 10, 2013 Category: Pediatricians Authors: Brandon Tags: Practice Management Revenue The Business of Medicine Time Management Cash ICD-10 Line of credit Cash Flow Money Planning Transition Source Type: blogs
How Many Billers Should A Medical Practice Employ?
We’ve talked about in-house billing vs outside billing before. I even teamed up with my friend Chip Hart and devoted a full podcast to the topic. But we’ve never talked about billing staff ratios. How many billing staff should we have? How do we know if we are understaffed or overstaff?
Should we calculate the ratio based on charges and collections or should we base it on physician count?
Dr. Suzanne Berman, one of the many outstanding contributors to the SOAPM list serve and an avid supporter of the Survivor Pediatrics Blogs, jumped in to the discussion with excellent insight on how she staffs her office. Here...
Source: Pediatric Inc - April 3, 2013 Category: Pediatricians Authors: Brandon Tags: Pediatrics Billing Pediatric Practice Management VideoCast Health Care Business Patient Source Type: blogs
#7 Key Metrics We Should Use to Gauge the Financial Health of Our Medical Practice [Practice Management VideoCast]
In his 20 plus years in practice management, Chip has advised thousands of medical practices. So it occurred to me, why don’t I ask Chip how he assesses a practice? In other words, when he is preparing to counsel a practice, what reports, data sets or financial instruments he uses to identify whether or not the practice is a financially healthy practice.
You don’t want to miss this episode because Chip share with us some of the key metrics he uses to pin point the weaknesses and strength of a practice.
As always, we’ve made this episode available on various platform. Below are the links:
1. Google...
Source: Pediatric Inc - March 27, 2013 Category: Pediatricians Authors: Brandon Tags: Pediatric Practice Management VideoCast Business Google Health administration Healthcare iTunes Podcast YouTube Source Type: blogs
Easy, Easy Way to Implement A Survey Tool in Your Medical Practice
I’ve been thinking about implementing a more streamlined survey tool. But this is one of those things that you know is important, but not necessarily a priority. That is, nothing
is going to fall apart if you don’t send a survey to a patient.
Today, this comment (see below) came across on my screen from the SOAPM listserve that caught my eye.
I emailed Dr. Adams and asked him if I could post this on PediatricInc. He agreed. Dr. Adams discovered a really easy way to implement this using Google Drive.
Dr. Adams writes:
There are many free survey tools out there now, like SurveyMonkey and LimeSurvey. SurveyMonke...
Source: Pediatric Inc - March 20, 2013 Category: Pediatricians Authors: Brandon Tags: Lessons Practice Management Reporting Service Time Management Training Excel Google LimeSurvey Microsoft Excel National Committee for Quality Assurance NCQA SurveyMonkey Source Type: blogs
