{"id":749,"date":"2010-06-29T09:11:35","date_gmt":"2010-06-29T14:11:35","guid":{"rendered":"http:\/\/www.freshfinancialideas.com\/?p=85"},"modified":"2010-06-29T09:11:35","modified_gmt":"2010-06-29T14:11:35","slug":"a-road-map-for-physicians-and-dentists-part-two","status":"publish","type":"post","link":"https:\/\/suncoastadvisorygroup.com\/a-road-map-for-physicians-and-dentists-part-two\/","title":{"rendered":"A Road Map for Physicians and Dentists-Part Two"},"content":{"rendered":"<p>\t\t\t\tPeter Lucash, author of <em>Medical Practice Business Plan Workbook<\/em> \u2013 <em>Second Edition <\/em>and blogger, lists his top ten concerns that medical practices will face now and in the future:<\/p>\n<ul>\n<li>Flat and declining reimbursements<\/li>\n<li>Pressure to improve and measure quality<\/li>\n<li>Patient demand for more time with physicians<\/li>\n<li>Incomplete data about patients<\/li>\n<li>Risk of being sued for malpractice<\/li>\n<li>Revenue cycle that is inefficient and uncertain<\/li>\n<li>Unraveling of traditional physician- patient relationships<\/li>\n<li>Loss of status, prestige, and income<\/li>\n<li>Widespread dissatisfaction with work of physicians<\/li>\n<li>High and increasing overhead load<\/li>\n<\/ul>\n<p>I have added one more, the new health care legislation.\u00a0 Are you prepared for all these possible consequences?<\/p>\n<p>Peter Levinson, a noted author concerning medical practices points out, \u201cthe margins of management error have dramatically decreased, with low reimbursement and increased practice expenses, even a small management misstep can mean a fiscal mess.\u201d\u00a0 Darrell Schryver, Managing Principal of MGMA adds, \u201cThe days of Dr. Jones going and getting a million dollar line of credit are over.\u201d\u00a0 Schryver also predicts a continuing and worsening problem with coding and reimbursement.<\/p>\n<p>Let\u2019s take a journey back to medical school.\u00a0 Your professors helped you become an excellent physician.\u00a0 However, none of them had any idea what it takes to build a successful and efficient medical enterprise.\u00a0 You have become an effective technical medical practitioner versus a successful medical practitioner who works balanced hours, has little stress, leads a rich\u00a0 family life and has an economic life that is diverse, fulfilling and shows continuous return on investment.<\/p>\n<p><em><span style=\"font-size: xx-small;\">The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.<\/span><\/em>\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Lucash, author of Medical Practice Business Plan Workbook \u2013 Second Edition and blogger, lists his top ten concerns that medical practices will face now and in the future: Flat and declining reimbursements Pressure to improve and measure quality Patient demand for more time with physicians Incomplete data about patients Risk of being sued for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,10],"tags":[97,98,99,100,101,83,102,103,17],"class_list":["post-749","post","type-post","status-publish","format-standard","hentry","category-business-and-practice-strategies","category-business-planning","tag-data","tag-dental","tag-emyth","tag-loans","tag-medical","tag-physicians","tag-practice","tag-reimbursements","tag-revenue"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - 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