How your practice can survive a restructuring 'workout.' (restructuring a failing medical practice)
Article Abstract:
Restructuring a struggling medical practice involves lowering fixed costs such as rents and administrative salaries. Creditors should be approached with a plan to repay them that is financially more attractive than the failure of the practice. They will look for signs that the practice management will share in the financial burden and will appreciate being approached as early as possible. Physicians should always conduct a restructuring in consultation with their attorney in order to develop effective bargaining strategies.
Publication Name: American Medical News
Subject: Health
ISSN: 0001-1843
Year: 1993
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Improve your practice by improving your leadership skills
Article Abstract:
The success of a medical practice often hinges on the leadership qualities of the supervising physician. Good leaders exhibit excellent communication skills, consistency in their approach and the way they treat staff, knowledge of their strengths and weaknesses and the ability to adapt to changing circumstances. To become a better leader, a physician must first evaluate how he or she currently makes decisions and learn to pick the best strategy for each situation. A number of management styles is described.
Publication Name: American Medical News
Subject: Health
ISSN: 0001-1843
Year: 1992
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Don't forget your responsibilities as practice's CEO
Article Abstract:
Physicians are the chief executive officers of their practices, and they should accept the responsibilities that come with that position to assure that matters are attended to in the ownerships' best interest. CEO responsibilities include evaluating future options, anticipating changes and thinking strategically. In addition, CEOs should set goals and front-office performance standards in areas such as collections, cash control, ethics and practice policy.
Publication Name: American Medical News
Subject: Health
ISSN: 0001-1843
Year: 1992
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- Abstracts: Interruption of highly active antiretroviral therapy in HIV clinical practice. Outcome of a second-line protease inhibitor-containing regimen in patients failing or intolerant of a first highly active antiretroviral therapy
- Abstracts: Court orders California governor to restore antismoking media campaign funding. American Heart Association seeks to delay state health department director's confirmation
- Abstracts: The many faces of economic credentialing. Is economic credentialing really thriving? Billing violators beware: Medicare to get tough with repeat offenders
- Abstracts: Specialists: 'We're also primary care providers.' (medical specialists claim primary care status) Federal committee recommends primary care quotas
- Abstracts: Idealism alive and well in U.S. medicine. AMA presents 9 awards for contributions in medicine. Physicians, medical society receive AMA awards