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At some point in the life cycle of your medical practice, you will likely need to borrow money. There’s nothing wrong with borrowing money as long as you do it wisely and for the right reasons. MOT spoke with several experts in medical-office finance to find out the most-common mistakes practices make when entering into a loan situation and how to sidestep them.

Panasonic has introduced the KV-S1046C document scanner. The scanner is ideal for small and medium-size physician practice settings, including reception areas. The device features a fast scanning speed of 45 pages per minutes and is capable of scanning documents of various sizes and thicknesses, helping reduce the number of devices needed to digitize data.

 Bloodborne pathogens, electrical wiring methods, respiratory protection, and design and construction of exit routes are among the most common OSHA violations. Here, we review the top 10 OSHA cititations for medical offices and highlight steps that employers can take to minimize these hazards and avoid costly citations.

Over the last few decades, employment laws have dramatically increased and become more complex creating a great need for small business support in employee management. Professional Employer Organizations (PEOs) offer a partnership to businesses that may not have the staff or resources to efficiently support a human resources department and all of the administration that comes with constantly changing policies and employee needs.

In order for a medical office to work harmoniously, communication needs to be clear, timely and acted upon by all parties. Moreover, both administrative and clinical staff need to feel comfortable communicating about important issues without fear of reprisal. Here, five methods for improving that communication and maintaining a healthy, harmonious office environment.

When it comes to EMRs, healthcare providers usually focus on the most immediate and obvious impacts – cost and implementation, for example. The way patients feel and respond to EMR, along with the benefits they realize from the technology, is rarely considered. And, if providers do think about patient experience as it relates to EMR, they often make incorrect and faulty assumptions. Here, MOT addresses myths and truths regarding patient experience and EMR in this third and final article in MOT’s EMR: Fact or Fiction? Series.

Public relations (also referred to as media relations)is one of the most effective tools in the medical office’s marketing arsenal. Media relations provides healthcare professionals with the opportunity to establish themselves as experts in their fields. However, time and effort are required to do it well, and there are certain tactics that work very well for medical practices.

Smartphone users now outnumber basic phone users, making it the right time for physicians to help patients harness the technology sitting in their back pocket to improve their health. There is a plethora of health tracking applications and devices, but how do you know which are the most effective? Here are the top patient apps, according to Health 2.0.

Understanding exactly how EMR technology will impact your practice is a challenge – primarily because there’s some much information in the industry regarding EMR. One of the biggest pieces of EMR is the actual implementation – transitioning your practice from paper to digital. The implementation process is where many practices go wrong. With a lot of help from several industry experts, MOT tackles myths and truths related to EMR implementation in this second article in our EMR: Fact or Fiction? Series.
 

While the uncertainty surrounding healthcare reform is of concern in some medical specialties, well run practices with good revenue streams can benefit from low interest rates and very attractive advance rates for practice acquisition, expansion or refinance, partner buy-out, purchase or construction of real estate and equipment finance. One of the best loan products available today is also one of the least understood - the Small Business Administration 7(a) loan program.

By Dr. Pamela Shaheen

Benjamin Disraeli may have said it best: “Change is inevitable…The secret of success is to be ready when your opportunity comes.”
 
In today’s healthcare industry, change occurs daily. Market factors, technology and uncertainty about the Affordable Care Act are simultaneously impacting how care is delivered and at what cost. Healthcare leaders at all levels need to effectively manage change to remain viable in today’s chaotic health care marketplace.
 

In an effort to separate fact from fiction, MOT is launching a new series titled “EMR: Fact or Fiction?” For the next several weeks, we’ll tackle specific elements of EMR, from cost and efficiency to implementation and patient response. The Series will outline several myths and provide truths, according to providers, vendors and consultants. his is the first article in MOT’s EMR: Fact or Fiction? Series, and it addresses myths related to cost.

A survey of 500 compliance officers and physicians in the March 1, 2012, issue of “Inside CMS” reported that 47 percent had not heard of the Sunshine Act. The time for complacency is over. This regulatory scheme is on its way and those who remain ignorant will be burned. Here are some steps your practice should take now.

Even the best facilities and office staff can require a brush up, as time passes and attention to detail fades. Unfortunately, your patients' attention to detail won’t, and as competition for their business grows, they can afford to be cautious and even picky. Here, MOT takes a look at seven things that your patients notice - things that you need to fix, stat.

Correctly evaluating the current healthcare market and finding the right location for your practice can mean the difference between success and failure. The following five questions are intended to help medical practice owners streamline the process of selecting a location and overcome challenges that could threaten their ability to continue practicing in the future.

Every medical practice wants to be competitive, efficient, and profitable, but knowing how to measure what you’re doing can be a shot in the dark. Although it may seem like an endless ocean of calculation and statistics, any healthcare executive can easily pull figures and data from everyday operations to get a clear picture of where you are, and more importantly, where your practice is going. Here, MOT highlights six benchmarks your practice can’t survive without.

Physician practices, like any other business, can utilize different types of retirement plans based on their specific situations and needs. Retirement plans are common in medical practices since many healthcare professionals are looking for opportunities to save for retirement and minimize income taxes. The retirement plans can range from qualified plans that fall under the Employee Retirement Income Security Act rules to non-qualified plans that may be set up to benefit certain employees at the practice.

Caveat Medicus! The pressures and ambiguity of a continually changing regulatory landscapeand constant pressure of declining reimbursement for physicians can no longer be ignored if your practice is to survive. In a time when disruptive and volatile forces are continually knocking on your door, there are things that you can do within your own four walls to create efficient processes and practices to insure success.

Whether they are trying to understanding exclusions, co-pays, out-of-pocket expenses, deductibles, authorizations, or referrals, patients often find that navigating their insurance plan can often be a confusing and overwhelming task. In particular, understanding the difference between preventive services and diagnostic services tends to be the most challenging for patients. As a provider, what can you do to help your patients navigate the ins and outs of their insurance?

With so much healthcare consolidation going on these days, many medical offices are transitioning from single-provider practices to large groups of providers under one umbrella. While this may be a good way to streamline healthcare and better manage costs, suddenly finding oneself a patient in a large practice can be off-putting. Fortunately, there’s a lot you can do to help patients feel comfortable and in good hands even if your practice has quite a few providers.  

There is no question that tattoos, body piercings and other forms of self-expression have become commonplace in modern society, especially amongst Generation X. Although we as a society seem to have become much more accepting of individuals’ choices for self-expression, we don’t necessarily think that this is good for business. So the question remains, can an employer curb the limits of its employees’ self-expression in the form of tattoos, piercings, extremes in dress, jewelry, and hairstyles at work without getting sued?

Healthcare organizations have traditionally determined their success by focusing on financial measures such as profits, revenue and reimbursements. And individuals, whether they’re on the clinical or administrative side, have a tendency to obsess about salaries, bonuses and raises. While these numbers are certainly important, it’s a mistake to ignore other measures that would indicate whether an individual or practice is thriving. Here, MOT helps to identify those non-financial measures of success. 

These days, marketing budgets for many medical practices are slimmer, and in fact, many practices have cut marketing completely from their budgets. While the desire to save money is understandable, the decision to eliminate marketing can be harmful to your practice. Instead, practices should focus on what they can do during the weak economy and choose marketing vehicles that allow them to get the biggest bang for their bucks. Here, MOT offers some insights on how to keep your marketing efforts chugging along while the economy stalls.

Does your healthcare organization serve patients or does it serve patient-consumers? If this question confuses you, you’re definitely not alone. But, it’s important to understand the key differences between a patient and a patient-consumer because more Americans are moving into the latter category. Here, MOT compares patients and patient-consumers.