Category Archives: Business of Medicine

Business of Medicine: a successful healthcare facility or clinic must not only take care of patients. It must also be adept at handling the typical administrative tasks and skills that are required in any other business such as financial planning, human resources, staffing concerns, insurance and more. Find the latest advice and articles concerning the Business of Medicine.

Four more Google tools useful for doctors in India

In follow-up to one of the most popular articles on mdCurrent-India, Five free and simple Google tools useful for Indian physicians, here are four more Google tools you can use. If you have a free Google account, you already have access to these tools, and some are even available without… 

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Are your online passwords safe?

Today, nearly everyone has passwords for email, banking, social media, and other Web sites. As a doctor, your passwords may protect your email and social media accounts, your practice website, patient information in an EMR/EHR system, and even your money. Passwords are guessed or stolen every day, often by people… 

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Adding ancillary services carries monetary benefits, but poses risks

Independent physicians have the flexibility to add services and treatments to their clinic as patient or market demands change. Although a new procedure, test, or other service can mean more revenue and patients for your clinic, it is not a decision to be taken lightly. Each new service carries its… 

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Controlling expenses requires prudence, monitoring, and teamwork

Many physicians see productivity as the sole measure of a healthy clinic. While it is true that a nonproductive clinic cannot stay open (see “To maximize productivity, use benchmarks, delegate tasks, and download free web-based tools”), no amount of productivity can save a clinic from wasteful spending or poor investments…. 

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To maximize productivity, use benchmarks, delegate tasks, and download free web-based tools

Maintaining a productive clinic is a key aspect of income stability and professional satisfaction. Productivity, however, means more than just seeing additional patients. Too many patients might result in diminished quality and patients seeking care elsewhere. Without enough visits, your earnings will drop and you may not be able to… 

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To avoid a cash-flow crunch, ensure that your revenue is adequate for your practice

Physicians who run their own clinics have many responsibilities: patients, employees, facilities, and their own income. Carefully tracking revenue and expenses must be a top priority, however, because a clinic cannot survive without adequate funding. “Financial review is a must for any business. In addition to stimulating growth, a review… 

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How to speak your patients’ language for clearer communication

Most patients, regardless of health literacy level, prefer the use of plain and simple language when you communicate with them about their medical conditions. “Plain language is easy for patients to read, but sometimes you have to work hard in order to write simply.” -Aniruddha Malpani, MD, medical director of… 

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