Rescuing a Practice on the Brink

Owning a medical practice can be a jarring experience, even for those with nerves of steel. In the face of increasing regulations and stagnant reimbursements, many small practices seem to teeter on the brink of closure. Rising to meet those challenges, though, is the key to ensuring the success and growth of a private practice. Instead of letting these challenges overwhelm you, focus on small goals. These tend to be the types of things that are pushed to the side...

Meaningful Tips on Meaningful Use – EHR Audits Become Routine

By the end of 2013, CMS (the Centers for Medicare and Medicaid Services) had provided nearly $20 billion in meaningful use incentive payments to physician offices. However, as the CMS approaches its budget limit of $27 billion, evidence that it is implementing a greater number of audits is mounting. Doctors and health administrators should assume that the chance of being audited is going to be higher than normal in 2014. Consequently, they should begin preparing for a potential audit as...

Reports of the Death of Solo Physician Practices: Greatly Exaggerated

The latest trend in physician services seems like it’s hospitals hiring doctors as their employees or owning the practice jointly with the physician. Although this focus on hospital as employer with the doctor as employee is on the rise, this statistic does not tell the whole story, and it certainly does not mean the end of the solo physician practice. In fact, quite the opposite is true in regards to physician practices headed by a single doctor. A statement recently...