The Business Side Of Medicine

This book is designed to provide physicians with the information they need in applying business management skills to their medical practice. It covers management and leadership practices, financial planning and execution, hospital governance, managed care, marketing activities, and medical business law. Written for the physician in easily understandable language, it describes each concept, delineates its applications in various practice environments and provides insight into the future developments in each sector.

You're a doctor and you know a lot about medicine. But do you know anything about the real world? Doctors learn a lot in medical school, but not enough. Only rarely will a course teach practical, useful, or pragmatic information to help with the myriad decisions that arise in day-to-day life. Dr. Harbin wrote this book to fill the gap: to help doctors deal with the business aspects of medicine, help doctors in training learn how to evaluate opportunities for the future, and assist practicing doctors in dealing with the questions arising every day and when planning for the future.

Nationally known healthcare consultant Jeffrey Gorke translates his 20 years of experience into a winning playbook for joining, starting or running a "dream" practice. Packed with tips, insights and action-oriented tools, this fast-paced guide helps readers rapidly master the language, players, management structures and culture issues and use what they've learned to ask all the right questions in identifying, seeking and landing the absolute best job. Learn how to size up location, compensation, work-life balance, and the freedom to practice medicine! NOTEWORTHY FEATURES - A comprehensive, step-by-step check list makes sure you cover every question in the practice-selection process and lets you do revealing side-by-side comparisons of all the practices under consideration. - Practical tips and reality checkpoints on what to expect in the private practice setting. - Instant financial mastery: Spreadsheets and graphical presentations make it easy for readers to evaluate business and financial data to learn what's really happening in a practice — and what questions you'll need to keep asking if you decide to join. - Clear action steps: How to evaluate factors such as a practice's location or culture and what plusses and minuses to look for in terms of managers, consultants, and business structure. - And a Bonus! Illustrative real-life anecdotes from the medical practice trenches.

This book is intended to be a roadmap towards a successful practice for medical students, residents, fellows, and doctors. This roadmap focuses on how to build and manage a medical practice, and can be applied regardless if the reader is employed, joins a small group, or if they are a doctor who decides to start their own practice. Part I covers the basic business concepts that every physician needs to know. Chapters emphasize the benefits that accrue to a physician who understands the basics of business. Part II provides a guide for doctors who are beginning a medical practice. The chapters define the various options for doctors’ employment such as solo practice, group practice, and academic medicine. The section also includes the process of negotiating contracts, identifying the advisers who help physicians become successful, and secure within their field and practice. The final part emphasizes strategies on how to build and grow a successful practice by covering topics such as hiring staff, employee motivation, creating a brand, gaining recognition, online reputation and presence, crisis management, integrating new technology, and work/life balance. The Business Basics of Building and Managing a Healthcare Practice serves as a valuable resource that helps doctors make a difference in the lives of their patients, as well as help them make good financial decisions.

Today's health care is much more than Medicine. Health care professionals and administrators must be familiar with the non-medical aspects of health care if they are to be successful. From the basics of government and private insurance, to reimbursement methods, payment models, practice paradigms and new industry trends this indispensable guide provides much-needed information for medical students and residents, emerging health care professionals, and anyone who wants a clear perspective on the requisites, protocols, and regulations of today's health care system. Delivers up-to-date, must-know information on today's changing health care system, recent reforms, and the economics of practicing medicine - areas that are critical to career decision making and professional success. Uses an easy-to-read, quick-reference format that features numerous tables, diagrams, and links for efficient learning. Covers practical business and administrative challenges not often addressed in medical school and other formal health care training: credentialing, schedule planning, budgeting, benefits coverage, and much more. Includes practical coverage of insurance plans, physician reimbursement, documentation, billing and coding, medical malpractice and health law, social media, and more. Enhance Your eBook Reading Experience: Read directly on your preferred device(s), such as computer, tablet, or smartphone. Easily convert to audiobook, powering your content with natural language text-to-speech.

So you're a practicing veterinarian, with a mind filled with the science of veterinary medicine. But there's a business side to veterinary medicine you were not taught in school, and it is relevant at every stage of your career. Just starting out? This book is essential to transitioning from your training to "the real world." It offers practical advice on crossing that bridge, including key ways to establish good citizenship in your new environment and guidance for building your own practice. Do you know how to manage and plan your finances and think about the future? Have you chosen the right practice model for you and your family? This book will help you answer these and other questions and establish good habits that will benefit your entire career. But this is by no means a "newbie manual." It gives a masters-level education on the business side of things that affect every practicing vet, new blood and veteran alike: accounting and corporate finance, business law, operations management, business communication, organizational behavior, strategy, and much more. Not to mention guidance on career longevity, planning for retirement, and increasing your net worth. This book truly is a business manual for your entire career in veterinary medicine.