"If you want something done right, do it yourself," is complete bullshit. To run a successful business of any kind—but especially to run a thriving medical practice—you have to make sure you’re using your time wisely and properly delegating responsibilities.
In 2019, healthcare is complicated. Your practice is more than just seeing patients, treating them, and sending them on their way. There’s insurance requirements, prior authorizations, quality measures, and so many other tasks that need to be completed with every patient visit.
As a business owner, ESPECIALLY when you’re just opening a new practice, it’s extremely hard to relinquish control and let others help out, but you simply can’t be successful AND do everything on your own. You can try all you want, but you’ll just end up wasting your valuable personal and professional time and only yield subpar results because there just aren’t enough hours in the...
During medical school and residency, we all long for financial freedom and more time to spend with our friends and family. However, once many doctors take the dive into private practice, they feel like they actually make less than they used to or work more hours and are under more stress than when they were employed by someone else. They often get so busy working IN their business that they don’t work ON their business and can’t quite scale their practice to achieve the level of success they dreamed of.
Tired, overworked private practice doctors come to me all the time looking for guidance on increasing their revenue and profitability, and I’ve found that the main reason practices aren’t scaling is because physicians aren’t properly leveraging their most valuable asset—time.
As a private practice physician, your time is 100% your most valuable asset, so it’s important to know what that time is worth. I’m not necessarily talking...
Where are we going? What is going to be next and how am I going to stay relevant?
I think physicians look at themselves and see all of these things that are taking away from physician relevance—urgent care, telemedicine, getting diagnosed and treated for an ear infection based on a video call with a physician or non-physician who’s thousands of miles away.
That's a sticky point for me because I hate it, hate it, hate it when my patients tell me, “Yeah, we were going to come into the office, but we have this app that our insurance company told us to use so the doctor looked at the outside of the ear and thought it looked red and prescribed an antibiotic.
Being relevant as a physician has changed so much because of convenience. We live in an era where convenience is king, and convenience trumps quality every time. I know that you don't want to hear that. I know that as a physician that prides herself on quality of care, you feel like...
Your wellness and your quality scores are tied to your patient experience... How would you improve your patient's experience?
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We talk often in online forums about the value of physicians in 2019 and beyond. The value of a physician is demonstrated not only in the quality of care they provide to their patients but also in the quality of their interactions with the staff around them.
As doctors, we often find ourselves in stressful situations at work, but whether you’re in private practice, employed, DPC, locums, etc., the way you treat people around you dictates not only their perception of you as a person but also their perception of physicians in general.
Being a pediatrician and a father of five, I tend to think I have quite a bit of patience and rarely find myself getting overly upset and annoyed.
One Friday morning, however, I was visibly angry, and all the post-partum nurses knew it. I had four procedures planned back-to-back and I gave them plenty of notice. When I showed up to the hospital, there was only one surgical tray clean and the other three were in sterile processing.
This incident was...