Cutting Costs in the Medical Practice, 2nd Edition
Alan S. Whiteman, PhD, FACMPE, Jerry Hermanson, MBA, CHE, Dennis Palkon, PhD, MPH, MSW
Paperback: 149 pages
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With the explosion of managed care, high profits in the physician practice are no longer a given.
Even the most successful practices must manage costs effectively to stay viable. But, how should we do that - without compromising quality of care or increasing liabilities? Recommended by the AMA, this practical, how-to book addresses how physicians and administrators can devise and implement cost-cutting measures that can ultimately increase their bottom line. Cutting Costs in the Physician Practice include practical information on how to:
Attain cost savings with proper use of technology – EMRs, E-mail, Websites, Clinical and Business Application, HIPAA Compliance
Negotiate leases and determine whether you should buy or rent
Reduce the cost of accountants, bookkeeping services
Choose vendors wisely, including Practice Management vendors and Electronic Medical Record System vendors
Use value-added services to reduce overhead by participating in independent practice associations, professional associations and other purchasing cooperatives.
Identify key areas where your own costs are more likely to become unmanageable, and implement solutions that have been successful in other practices
Review your practice operations and identify other areas of concern
Recruit and retain good employees and practitioners
Determine the optimal organization structure for your practice
Build a stronger, financially secure practice
Armed with this knowledge, physicians can better put their resource to work - building a stronger, financially secure practice. Even the most successful practice must manage costs effectively to stay viable.
Written by experience consultants, this book identifies key areas in medical practices where costs are most likely to spin out of control and offers solutions that have proven successful in other practices. Written by experienced consultants, this book provides a wealth of practical advice and solutions that have proven successful in other practices. It further identifies key areas within healthcare practices where costs most often get out of control. Armed with this knowledge, physicians can better put their resources to work - building a stronger, financially secure practice.
Alan S Whiteman, PhD, FACMPE, is both an experienced health care executive and a professor of graduate health administration studies. Dr Whiteman has over 35 years experience in all facets of the health care industry with over 29 years experience in managing or consulting with physician practices. In addition, Dr. Whiteman is a healthcare administration educator bringing practical insight to graduate students. He is the Program Director, Master of Science in Health Services Administration at Barry University located in Miami Shores., Florida. Dr. Whiteman is a principal in Healthcare Integration Consultants, Inc, a professional services firm specializing in assisting physicians in making practices more efficient, effective, and financially sound. He received his PhD from Walden University, his MBA from Wayne State University, and his BA from Michigan State University. Jerry Hermanson, MBA, CHE, is an experienced health care leader. Mr Hermanson has over 32 years experience in the industry, including hospital administration, physician organizations, and health care administration education. Mr Hermanson is chief executive officer of Healthcare Integration Consultants, Inc. In this capacity he provides management and technical services to physicians organizations, physician practices of all sizes, hospitals and other health care organizations. He is also an adjunct professor of graduate health administration studies. He received his MBA and BSBA from the University of Florida. Dennis Palkon, PhD, MPH, MSW, is a full professor and past chairman of Health Administration at Florida Atlantic University in Boca Raton, Florida. Dr Palkon has extensive academic and publishing experience. He is also executive editor of Hospital Topics and serves on numerous editorial boards. He received his PhD and MPH from the University o f Pittsburgh, his MSW from Virginia Commonwealth, and his BS from Villanova University.
Greenbranch Publishing is a Baltimore-based publishing and consulting business providing consultation services to publishers on new product development, branding of copyrighted publishing properties, ancillary product development, market research, strategic planning and mergers and acquisitions. Building on the market niche of medical book, newsletter and journal publishers, Greenbranch Publishing has a special market emphasis on pharmaceutical sales/sponsorship and CME (Continuing Medical Education) activities.
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