Ahead of the pack

Article Abstract:

Physician groups that have high revenues and high salaries tend to have larger support staffs than other group practices, according to a 1996 Medical Group Management Association survey of 353 multispecialty groups. The 13 medical practices with the top financial performance had an average of 5.37 full-time-equivalent, non-physician employees per doctor, compared to 4.63 employees per doctor in other practices. The bigger support staffs may be beneficial because they handle paperwork and free up doctors' time.

Outpatient Care Facilities, Outpatient Care Centers, HEALTH SERVICES, Ambulatory care facilities, Surveys, Group medical practice, Medical Group Management Association

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Casting for capital: what your practice needs to lure investors

Article Abstract:

Medical practices looking for capital partnerships should be aware of the characteristics that potential investors or lenders are looking for. Such characteristics include a detailed business plan, an attitude that will encompass changes in the healthcare industry, strong physician leadership, strong reputation and market position, experience with managed care, longevity, and attractive financial performance.

Partnership, Partnerships, Capital

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You're fired

Article Abstract:

Methods for preventing and coping with physician termination are presented. For example, doctors should monitor their job performance compared to their colleagues and make sure that their practice will continue payouts to them if they are terminated. They should also be sure to protect their clinical privileges in the event of termination. Advice on fighting termination and on job hunting is also provided.

Employment

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