Business of Medical Practice: Advanced Profit Maximization Techniques for Savvy DoctorsAn 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 |
From inside the book
Results 6-10 of 63
Page 29
... cash receipts specifically attrib- utable to the purchased accounts receivable as patient fee income . If left uncorrected , this error could have incorrectly added $ 200,000 in income to this practice and cost it ( a C Corporation ) ...
... cash receipts specifically attrib- utable to the purchased accounts receivable as patient fee income . If left uncorrected , this error could have incorrectly added $ 200,000 in income to this practice and cost it ( a C Corporation ) ...
Page 30
... cash , for another asset , the accounts receivable . When the practice collects these particular receivables , the credit is ap- plied against the purchased accounts receivable ( an asset ) , rather than to patient fees . Medical ...
... cash , for another asset , the accounts receivable . When the practice collects these particular receivables , the credit is ap- plied against the purchased accounts receivable ( an asset ) , rather than to patient fees . Medical ...
Page 45
... Cash - Flow Statement The statement of cash flow ( SCF ) is the lifeblood of any medical practice . It projects estimated cash flows by month , quarter , and year , along with the anticipated timing of cash receipts and disbursements ...
... Cash - Flow Statement The statement of cash flow ( SCF ) is the lifeblood of any medical practice . It projects estimated cash flows by month , quarter , and year , along with the anticipated timing of cash receipts and disbursements ...
Page 46
... cash for a practice . Understanding your own strengths and weaknesses , as well as performing a patient population analysis , is the key to recruiting and main- taining new patients for your practice . • Define and understand the major ...
... cash for a practice . Understanding your own strengths and weaknesses , as well as performing a patient population analysis , is the key to recruiting and main- taining new patients for your practice . • Define and understand the major ...
Page 57
... cash activities . One way to make your cash work more effectively is to open a cash management account with a brokerage firm . This will ensure that your practice's money is earning a much higher rate of interest . Pro Bono Care A ...
... cash activities . One way to make your cash work more effectively is to open a cash management account with a brokerage firm . This will ensure that your practice's money is earning a much higher rate of interest . Pro Bono Care A ...
Contents
3 | |
35 | |
49 | |
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 |
Other editions - View all
The Business of Medical Practice: Advanced Profit Maximization Techniques ... David Edward Marcinko No preview available - 2004 |
Common terms and phrases
ABCM accounting additional administrative analysis assets benefits billing breakeven capital case-mix cash flow claims clinical codes compliance consultation contract corporate covenant Current Procedural Terminology deductible doctor electronic employee entity equipment evaluation example expenses fees financial ratios fixed costs guidelines health care organizations health care provider health plan healthcare HIPAA hospital hospitalists improvement income increase Internet investment jury liability Medicaid medical malpractice medical necessity medical practice medical record Medicare medicine ment method NOPAT operating patient payment performance potential practice management practice patterns practice's practitioner procedure professional profit programs protected protected health information ratio referral reimbursement relationship reports revenue risk Six Sigma specialty specific staff surgical Telehealth third-party payer tion utilization variable variable cost
Popular passages
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.