Document Detail


Turning your practice around.
MedLine Citation:
PMID:  11778294     Owner:  NLM     Status:  MEDLINE    
Abstract/OtherAbstract:
The techniques of managing a medical practice are no different from those required to manage any other business. Planning is the first step, and establishing a realistic budget is essential to creating a successful plan. Knowing your patients and the sources of your revenue are next. Understanding the weaknesses within your practice and developing courses of action to correct them is essential. This includes developing ways to increase revenue as well as control expenses. Once a plan has been developed a basis for monitoring that plan is required. We suggest tracking financial performance monthly. If these basic management techniques are put into place, the actions discussed above will become both easier and more effective.
Authors:
J M Clapp
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Publication Detail:
Type:  Journal Article    
Journal Detail:
Title:  New Jersey medicine : the journal of the Medical Society of New Jersey     Volume:  98     ISSN:  0885-842X     ISO Abbreviation:  N J Med     Publication Date:  2001 Dec 
Date Detail:
Created Date:  2002-01-07     Completed Date:  2002-01-30     Revised Date:  2004-11-17    
Medline Journal Info:
Nlm Unique ID:  8511653     Medline TA:  N J Med     Country:  United States    
Other Details:
Languages:  eng     Pagination:  21-6     Citation Subset:  IM    
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MeSH Terms
Descriptor/Qualifier:
Accounts Payable and Receivable
Budgets / methods
Costs and Cost Analysis
Efficiency, Organizational
Financial Management / methods*
Humans
Managed Care Programs / economics
Marketing of Health Services / methods
New Jersey
Physician Incentive Plans
Practice Management, Medical / economics*
Referral and Consultation

From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine


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