Category: Management
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Amazon, Berkshire Hathaway and JPMorgan Venture into Health Care Industry
Three of the world’s leading companies — Amazon, Berkshire Hathaway and JPMorgan — are teaming up to take on the health care industry. Amazon announced on Tuesday, Jan. 30, that it would be partnering with Berkshire Hathaway and JPMorgan on an initiative to create an independent health care company for its employees with the hopes…
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Changes in Patient Access
Physicians have struggled with the impact of the Affordable Care Act since its passage in 2010, but there is a new, more powerful and insidious change underway which will have dramatic impact on all medical practices. The free enterprise system together with an emergence of the Millennial generation has begun to break medicine of some…
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Physicians Spend More Than Half of Work Day on Electronic Health Records
Primary-care physicians spend more than half of their workday on electronic health records during and after clinic hours, a University of Wisconsin School of Medicine and Public Health and American Medical Association study has found. The study, published online in the Annals of Family Medicine, shows physicians spent 5.9 hours of an 11.4 hour work…
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Five Keys Will Make Your Retirement Dreams Come True
This year, Baby Boomers will delay retirement because of poor investment and lifestyle decisions. In other words, your decisions today determine your retirement choices later. Insured Retirement Institute reports in Boomer Expectations for Retirement 2017 that only 54 percent of Boomers have any retirement savings, and only four in 10 have tried to calculate how much…
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Report: EMR Industry Must Reckon with Physician User Frustration
ROCKVILLE, MD – A new study by health care market researcher Kalorama Information has found that physician frustration over the use of EMR systems will be a trend for vendors to deal with. Previously, incentives paid to providers to buy and use electronic medical records were enough for a market boost, but now user frustration is…
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A Physician is Leaving Your Practice – “Must Have” Employment Agreement Provisions (Part III)
Editor’s Note: The following is the final installment of a three-part series discussing important provisions in physician employment agreements. When a physician leaves a medical practice, especially if the physician stays in the area to compete against his/her former employer, the situation can become stressful and acrimonious. During the final weeks of employment, the departing…
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A Physician is Leaving Your Practice – “Must Have” Employment Agreement Provisions (Part II)
Editor’s Note: The following is the second installment of a three-part series discussing important provisions in physician employment agreements. When a physician leaves a medical practice, especially if the physician stays in the area to compete against his/her former employer, the situation can become stressful and acrimonious. During the final weeks of employment, the departing…
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Are Tax Cuts Coming for the Small Business Owner?
While physician practices have many specialized health care compliance issues, most are, in essence, small businesses that face the same challenges as any small business. Taxes and regulations are among those challenges affecting all small businesses. And many owners are now eagerly awaiting alleviation of those challenges. According to the National Federation of Independent Business,…
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Keep Calm & Carry On… Insight for Changes in Post-Election Uncertainty
The year 2017 is going to be a year of change like we have not seen for a very long time. For some, it’s a welcomed change. For others, it’s not. The uncertainty of the details/extent of the changes makes planning difficult, if not impossible. As a business owner, you want to be prepared. So…
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Managing Your Practice: Is Your Practice Cyber Secure?
With the increased use of technology in health care comes the increased risk of cyber attacks and cyber liability, as well as regulatory investigations, fines and penalties. Anything created, stored or transmitted electronically is at risk of being compromised by an innocent mistake or – worse yet – maliciously stolen by a criminal. According to…