Business of Medical Practice: Advanced Profit Maximization Techniques for Savvy Doctors

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Springer Publishing Company, 2004 - Medical - 494 pages
An interdisciplinary team of experts teaches newcomers how to open, staff, and equip an insurance-friendly office for patients, and how to raise the capital necessary for it. New coverage in the second edition includes: How to write a medical office business plan; Compliance methods; Risk and programs; The insurance CPT coding issues; Six-sigma initiatives; Futuristic information technology to track clinical outcomes; Treatment results and medical care; Physician recruitment

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Contents

Healthcare Economics in Medical Practice
3
Medical Office Business Plan
35
Medical Practice Strategic Operating Plan
49
Establishing Healthy Medical Partner Relationships
67
Compliance Programs for Medical Practice Health
79
Insurance Coding Guidelines
99
A Six Sigma Primer for Health Care Providers
127
Process Improvement Reporting for Physicians and Health Plans
143
The Science and Art of Medical Practice Valuation
275
Contemporary Aspects of Medical Practice
299
Medical Information Systems and Office Business Equipment
301
Human Resource Outsourcing for the Physician Executive
331
Medical Practice Noncompete Agreements
355
Physician Recruitment
361
The Case for Concierge Medicine
381
Customer Patient Relations Management for Health Care Organizations and Physicians
391

Using Information Technology IT Systems to Track Medical Care
155
QUANTITATIVE ASPECTS OF MEDICAL PRACTICE
173
Capitation Econometrics Revised
175
Cash Flow Analysis and Management
183
Medical Office Expense Modeling
191
Accounting for Mixed Practice Costs
207
MedicalActivityBased Cost Management
217
Medical Practice Financial Benchmarking
231
Return on Medical Practice Investment Calculations
251
Creating Practice Equity Value
259
Ethical Issues in Modern Medical Practice
415
Dissecting a Medical Malpractice Trial
433
Selecting Practice Management Advisors Wisely
443
PhysicianPractice Management Systems
461
MedicalPractice Management Service Agreement
467
Medical Unions Public Sympathy and Physician Salaries
471
Afterword
475
Index
477
Copyright

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Page 415 - The dogmas of the quiet past are inadequate to the stormy present. The occasion is piled high with difficulty, and we must rise with the occasion. As our case is new, so we must think anew, and act anew.
Page 443 - Your representative owes you, not his industry only but his judgment; and he betrays, instead of serving you, if he sacrifices it to your opinion.
Page 94 - All elements of dates (except year) for dates directly related to an individual, including birth date, admission date, discharge date, date of death; and all ages over 89 and all elements of dates (including year) indicative of such age, except that such ages and elements may be aggregated into a single category of age 90 or older.
Page 267 - fair market value" is defined as follows: The price at which the property would change hands between a willing buyer and a willing seller, neither being under a compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Page 86 - Required by law includes, but is not limited to, court orders and court-ordered warrants; subpoenas or summons issued by a court, grand jury, a governmental or tribal inspector general, or an administrative body authorized to require the production of information; a civil or an authorized investigative demand; Medicare conditions of participation with respect to health care providers participating in the program; and statutes or regulations that require the production of information, including statutes...
Page 121 - Discontinued Procedure: Under certain circumstances, the physician may elect to terminate a surgical or diagnostic procedure. Due to extenuating circumstances or those that threaten the well being of the patient, it may be necessary to indicate that a surgical or diagnostic procedure was started but discontinued. This circumstance may be reported by adding the modifier "-53".
Page 90 - Conduct an accurate and thorough assessment of the potential risks and vulnerabilities to the confidentiality, integrity, and availability of electronic protected health information held by the covered entity.
Page 94 - Fax numbers Electronic mail addresses Social security numbers Medical record numbers Health plan beneficiary numbers Account numbers Certificate/license numbers Vehicle identifiers and serial numbers, including license plate numbers Device identifiers and serial numbers Web Universal Resource Locators (URLs) Internet Protocol (IP) address numbers Biometric identifiers, including finger and voice prints Full-face photographic images and any comparable images Any other unique identifying number, characteristic,...
Page 94 - The geographic unit formed by combining all zip codes with the same three initial digits contains more than 20,000 people...
Page 82 - CLIA in 1988, establishing quality standards for all laboratory testing to ensure the accuracy, reliability, and timeliness of patient test results regardless of where the test was performed.

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