Practice Management: What You Need to Know
Updated: Apr 1, 2020
When was the last time you looked at your practice management style? Is your practice operating the same way it did before the Affordable Care Act? What about back when you had paper charts?
Over the years, we have discovered medical practice management to be an afterthought for most physicians. I mean, if it is not broken, why fix it? The problem is that by the time a provider notices something has gone awry, the root cause has been festering for some time.
“"What's measured improves" - Peter F. Drucke.
Many headaches in the future can be avoided if the right practice management procedures are implemented today. We are not saying this is a "set it and forget it" type of approach, but rather a systematic methodology of putting in specific procedures and processes that can be regularly monitored and measured.
If You Can't Measure It, What's The Point?
Let's face it, even with the best intentions, many people will not reach their full potential without being measured or monitored. If you are leaving the practice management decisions up to one, or even a handful of personnel, but you are not being provided adequate metrics, how do you know if your practice is running efficiently? Even worse, if you are not provided measurable data on a reoccurring basis, how would you know the direction your practice is heading?
In the end, to be efficient, maximize profitability, and increase the strength of your practice, you need established practice management protocols that are followed and measured. To get insight on proven practice management methods that we have implemented for a vast array of medical specialties, contact us today! 1-888-552-0019