Interesting points on some benefits that may be over looked...physicians are not noted as being the best business managers, but from my point of view, I want an MD that is going to take care of me, thus they may need help from an employee, spouse, etc. to assist them with the business aspect of the business...most businesses can just focus on the business, while clinicians are focusing on us, malpractice insurance, medical records, surgery, etc. and perhaps somewhere along the line, having a little bit of a "life", so it can be hard for them to also be good business managers along with the many other hats they wear. BD
A recent survey shows many area physician practices are not giving enough attention to the business aspects of running a medical practice. "They think, 'If I make people well, the business part will take care of itself,'" said Scott Anderson, marketing director for Keane. "That's not always the case."
Unnecessary expenses, fraud and lack of succession planning were some of the problems found in the survey of more than 100 local physician practices by Keane Insurance Group and AMD, a certified public accounting firm and consulting group.Delbridge recommends giving staff the education needed to track changes in reimbursements and the tax code. She also thinks physicians should have some knowledge in critical areas of the business such accounts receivable. Physicians can deduct up to $112,000 on asset purchases such as an EMR system, but fewer than 10 percent said they planned to utilize this deduction as part of their purchase. And, less than 15 percent said they planned to utilize a Medicare rebate given to practices that purchase these systems.
0 comments :
Post a Comment