Balancing a Caring Medical Philosophy With Business Realities of Running a Viable Physician Practice

We recently were asked to help a Podiatrist who ran his own practice to develop a business strategy to survive in our new healthcare world. This Podiatrist loves what he does for a living and enjoys spending time with his patients. He was very surprised to discover the new financial realities of practicing medicine and … Continue reading “Balancing a Caring Medical Philosophy With Business Realities of Running a Viable Physician Practice”

We recently were asked to help a Podiatrist who ran his own practice to develop a business strategy to survive in our new healthcare world. This Podiatrist loves what he does for a living and enjoys spending time with his patients. He was very surprised to discover the new financial realities of practicing medicine and running a practice to generate enough income to pay himself, his staff, malpractice insurance, and other basic office expenses. Below are 4 learnings that helped to transform the practice to be financially sound as well as continue to practice medicine with a focus on the patient.

1. Seeing the Right number of patients. The Podiatrist, who enjoyed the personal contact he has with his patients, was seeing about 15 patients a day. He was surprised to learn that some of his competitors were seeing 50-60 patients per day in order to pay their bills. He agreed that he will need to see 25 patients each day in order to achieve his financial goals.

2. Understanding the CPT billing codes and reimbursement rules. The Podiatrist was very unhappy to find out that his average collected fee per procedure was only $37 (after large contracted discounts with insurance companies and Medicare). A large volume of his visits was toe nail trimmings for a diabetic population that only netted him $24 per visit. On the higher end of his fee schedule, the amputation of a toe netted him $248. He looked at the report and had a brief (and a little remorseful) reflection on the years he spent in medical school to be earning these low fees per procedure. He realized that he needed to pay more attention to how much he was spending on each procedure and the mix of CPT coded procedures he was providing (while not amputating every toe he trimmed a nail on).

3. Selecting a good billing company. The billing company that the Doctor used was not meeting the needs of his practice. Sending over a chargeable procedure / visit was like shooting something into a black hole and hoping a few dollars comes out the other end. There was little transparency on what charges were made for the week/month, which ones were actually paid, and what the balances were. While the Podiatrist needed a Partner in a billing company who would coach him on the latest reimbursement policies and be an advocate for collections, he was instead being provided with sloppy service with very little transparency. He needed to make a change.

4. Organizing the staff to serve a higher volume of patient visits. The Podiatrist realized that in order to go from seeing 15 patients per day to seeing 25, he needed to get his two assistants on board with his Plan. They needed to adjust the scheduling of patient visits, carefully mange the patient flow through the 3 exam rooms, and maximize the effectiveness of the Doctor by doing anything that they can do so the Doctor didn’t have to. His time was at a premium and needed to be managed accordingly.

The result was that this 1-physician practice is now on a path to grow by more than 80% and allow the physician to earn a higher salary. The practice has an emerging air of efficiency while still practising sound medicine in a caring environment.

Does Your New ADHD Medication Have Side Effects?

Are you the parent of a child who suffers from ADHD? If so, then you understand the frustration of never seeming to be able to get your child’s illness under control. You also understand the pain that comes with having to watch your child suffer from something that he or she has no power over.

You believe that if anyone, you and their doctor should be able to control the symptoms of this illness with new ADHD medication, right? Like most people, your belief is part of the “hope” of finding a safe and real treatment.

One new ADHD medication used to combat the symptoms of this illness is Strattera. This medication is highly preferred because of it’s non-stimulating effects. If you are trying this medication, chances are that you have also been bouncing from prescription to prescription just hoping that something you try is going to help your child.

Even some of the new meds for ADHD contain the same side effects as the older medications. Strattera also contains side effects that consist of a heightened chance of suicidal thoughts and behaviors in both children and adults. This is not something that we want to think about happening to our children.

The FDA warns that this medication has been known to worsen the already hyperactive and depressing symptoms often observed in children with ADHD. It also warns that worsening irritability and mood changes may occur. Another new ADHD medication you may have previously tried is Concerta. What you may find is that side effects in all new meds for ADHD are each strikingly similar.

Concerta’s side effects consist of headaches, tics, nervousness, rapid heartbeat, mental mood changes, irritability, and verbal tics. What you experienced with one prescription medication, you are likely going to experience over and over until you find a legitimate treatment.

A third new ADHD medication is called Daytrana. This form of treatment comes in patch form, and also contains side effects. The side effects include aggression, agitation, seizures, moodiness, and an overall worsening of symptoms. Again, this should not be a part of the treatment process and I am sure that most of you would agree. People want something that they do not have to be scared to death to use. They want to use a medication that works, and does not offer them so many threats.

Honestly, is taking a prescription medication worth the risk? A lot of people are beginning to wonder if there really is any hope at all in new meds for ADHD. If you do your research, what you will find is that even the new medications are really no different from those in previous days. They are still just as dangerous.

No matter how hard the inventors of these drugs try to make them safe, they will fail every single time because they are not natural. We cannot change the way our body handles medication. Rejecting unnatural treatments is the body’s way of dealing with harmful chemicals, so it is only normal to have a negative reaction.

The only real way to deal with ADHD is to use natural forms of treatment. Natural remedies are one effective way of doing this. Passion Flower, St. John’s Wort, fish oil, green tea extract, and 5-HTP are just a few of the natural remedies that many are opting to use. There is more selection with natural ADHD remedies and a much lower risk of side effects. Instead of treating your child with a new ADHD medication, you can choose to treat and to finally cure it with natural remedies.

Apply Online For Life Insurance No Medical Exam Policies

Of late, there has been an overwhelming demand for life insurances no exam policies across the globe. Numerous people do not want to go through the hassles of facing a medical exam both as you do not want to run to the doctor or pay him handsome fees.

Senior citizens, who have some medical problems and were hitherto hard to insure cases, are now getting the facilities of no medical life insurance from many providers. In fact such policies are now open to persons in the age group of 25 to 80.

Numerous options will be available before you when you decide to go for an Insurance Policy. However, there are a number of pitfalls on the way. There are some unscrupulous and dishonest traders who are lurking in the wings to lure you into their traps. Such malicious people will come up to you with the offer of a policy that promises a lot. Since the plan seems quite attractive initially, you fell for it and enroll under it. At real times you find to your utter dismay that the plan that promised so much offers almost nothing.

Thus simply obtaining a life insurance no medical exam would not solve your problem unless and until it delivers. This is why many people prefer to have their enrollments under the insurance plans as a first hand delivery from an agency physically instead of going for the online enrollment.

It is true that there are risks in your obtaining an online whole life insurance without medical examination because there are possibilities of the policy being a fake. However, Internet has shrunk the globe and you are able to access the farthest corners of the world with ease and convenience with a mouse click or a key stroke of your computer. The Internet is a repository of information and there is hardly a subject on which you fail to find information on the nets.

You will not only find multiple options to choose from on the nets but also a host of information on the policy as well as the provider agency from it by simply surfing the websites. But you must make sure that you have carefully gone through all the terms and conditions relating to the policies like term life insurance no medical exam so that there are no hidden expenses involved and you are not in for any unpleasant surprises at the end of it.

Obtaining a life insurance no exam has become so easy now a day that you can obtain insurance in just five minutes time from a provider online. You may like to see a few life insurance quotes before going for one. Since the rates of term life and other life insurances are on the decline including the survivor’s life insurance plan, such quotes would help you to compare and choose the real beneficial insurance policy.

When you are spared of the medical examination you will have to choose a plan. The option for younger people with a lot of financial commitments and liabilities are likely to choose term life insurance owing to the lower premium rates while senior citizens would prefer the whole life insurance plan because they have limited life to live.