When you run a private medical practice, you’re invariably going to hire vendors outside of your practice to perform services. If you are going to share protected health information with that vendor, you will need a Business Associate Agreement (BAA) to be HIPAA compliant. But before you sign a contract for services and the BAA, you will...
Employees often ask about taking leave through the Family Medical Leave Act, otherwise known as FMLA. As the employer, like when you own your own practice, you need to understand FMLA and everything that goes along with it.
FMLA allows employees to take an unpaid leave of absence for up to 12 weeks for medical reasons or...
As a physician, regardless of your specialty or where you practice, you want to have malpractice insurance. Today I’ll tell you about the different types of malpractice insurance and some of the things you are going to want to consider when trying to evaluate which is the best plan.
Types of malpractice insurance...
Today I want to talk to you about remote patient monitoring (RPM.) RPM has been around since the 1960s but it wasn't until January, 2020 when CMS increased reimbursement that adoption increased.
There are several reasons that you should want to add RPM to your practice:
Physician compensation is often based on RVUs. But, in reality, RVUs actually have no monetary value. So in order to understand productivity and revenue you have to know what an RVU is, how it’s determined and how to determine what it’s worth. In this episode, you'll get all this info and more.
RVU stands for relative...
Baby boomers and household decision makers--the target demographic for most medical practices are on Facebook. In other words, your ideal patients are on Facebook right now. That’s why I want to talk to you about why you need a Facebook business page and what you are supposed to do with it.
First, Facebook is free. ...
Salary is only part of the overall compensation package. Potential hires often rank benefits as one of the top factors impacting their decision to accept a job offer. Today I'll tell you about how to figure out what you want to include in your benefits package so that you can recruit and retain quality staff while being financially...
One of the questions that I’m frequently asked is whether physicians should join a provider network? First, let’s get the alphabet soup mumbo jumbo out of the way. IPA stands for Independent Practice Association and CIN stands for Clinically Integrated Network. Today, I’m going to talk about the things that you...
Trying to figure out how much to pay your employees can be a very daunting task. On one hand, you want to pay enough to get the best possible talent. On the other hand, you don't want to overpay. In this episode, I’ll walk through how to figure out what salary to offer.
Establish a salary range
Salary.com will give...
Whether you are starting or running a medical practice, one of the questions that always comes up is should you get individual contracts with each insurance company or join a provider network. But even trying to answer that question, we need to understand the types of provider networks. Admittedly, it’s very easy to be confused by...
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