Is it time to call in a consultant? Advice costs, but it can also save

Article Abstract:

Physicians need assistance in the business of running an office, and consultants offer expert advice. For instance, expansion plans for medical offices may require analysis by an experienced person who reports on whether to purchase specialized equipment or refer patients to a laboratory that provides the needed service. Consultants can also save doctors money by improving the use of procedure codes. Candidates should be carefully evaluated, and the objectives of their employment clearly analyzed.

Management consulting services, Services, Business consultants, Management consultants

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Everybody gets a share: hospitals and health care companies are offering doctors stock in exchange for their practices. Is this a good deal?

Article Abstract:

Some healthcare corporations and health maintenance organizations offer stocks or shares in the company when physicians sell their practice. Being a shareholder could help physicians to feel empowered to control costs and deliver quality healthcare. Physicians and healthcare companies also can form joint ventures, partnerships or other relationships. Physicians should determine their business goals before deciding on a particular relationship with a healthcare company.

HEALTH SERVICES, Health Maintenance Organizations, HMO Medical Centers, Physicians & Surgeons, Offices of Physicians (except Mental Health Specialists), Health care industry, Practice, Physicians, Medical professions, Securities

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Danger signs of embezzlement: how to spot warning signals from staff

Article Abstract:

A surgeon reports that his office manager confiscated $350,000 over a period of 4 1/2 years. The manager exercised sole control over the practice's books and financial affairs. An accountant who audited the surgeon's books advises that at least two persons should have joint responsibility for handling of money. In a small practice, the doctor may need to assume this duty. Various schemes used by embezzlers to defraud doctors are discussed.

Prevention, Employee crimes, Embezzlement

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