Solid financial planning turns unique vision into thriving middle Georgia practice. After several years of working in other practices, Dr. Jeff Langford, a specialist in allergy and immunology, wanted to drive quality control himself. He also knew much of Middle Georgia’s population lacked easy access to his specialty. So he developed a new practices model […]
Dr. Ram K. and Aru Reddy are in the business of “helping people feel better when they need it the most.” Partners in an enterprise that adds urgently needed medical care to underserved communities in northeast Georgia, this husband and wife team is also steadily adding to the employment rolls of the small cities and towns they serve.
During our Medical Practice Profit Drivers class we ask participants what area of the practice they think is the most critical to driving profits: clinical, front desk or billing? The question always generates lively debate with an almost equal split among people forcefully arguing for one of the three departments. When the front desk faction […]
Owners of growing medical practices often ask if they can afford to hire a new provider or bring their medical billing in-house. We have developed tools to determine the cost of adding medical practice employees. Clients are often shocked at the calculations. Our tools examine one-time upfront costs such as recruiting, credentialing and legal fees, […]
High-deductible insurance plans pose new challenges for medical practices. The end result is that patient collections are shifting from third-party insurers to medical practices. This added collection burden spawns other obligations that medical practices might not want to tackle, but in the end will have to face: Patient Education Most people with high-deductible plans […]
This is the first in a series of exclusive articles for ‘e-News from MAG’ that will highlight ways for private practice physicians to improve their practice’s financial performance. Solo primary care practices in small markets face a number of daunting challenges when it comes to keeping their doors open in today’s environment. Managing three critical […]