Paycheck Protection Program Version 2.0 is Now Open, Timing to Submit is Critical – Do Not Wait

The $284 billion PPP2 refundable loan offering is now available for struggling small businesses, including medical practices.

Your banker will likely be overwhelmed with requests for information and help in processing applications but don’t take the chance of you falling through the cracks – CALL THEM! Expect a bit of chaos and confusion though as everyone…

Physician Practice Management – Mergers and Acquisitions Has Been Impacted by COVID-19, But Maybe Not as Much as You Think

Goodbye 2020, hello 2021! Never was a year-end more celebrated than 2020, and with that end, 2021 is finally upon us. 2021 is a year of optimism and hope, a year of great opportunity. If you were considering selling your group or practice before pandemic hit, or you are now, we would like to share a couple of timely insights and ideas…

You’re Down to Your Top 3 Candidates for Your Open Physician Leadership Position… or Maybe You are 1 of the 3. Now what?

Every medical group should be actively managing the costs generated by administrative/support functions.

Part 12 of 12 – Admin Overhead Must Have a Positive ROI Too and Series Final Thoughts: Knowledge Without Execution is Useless – Take Action – Here is How

Every medical group should be actively managing the costs generated by administrative/support functions.

Part 11 of 12 – A Dollar Saved is Two Dollars Earned but Two Dollars Earned is Twenty Dollars Saved – Here is How

supply and drug costs will vary by specialty so the assessment must be conducted at the specialty level…

Part 10 of 12 – When Cash is King, Lower All Your Practices Expenses as Much as Possible – Here is How

The value of the opportunity for savings on services is calculated by identifying your current cost to revenue for services and comparing it to…

Part 9 of 12 – Practice Survival 101 (or maybe 501!): Optimize Provider Compensation – Here is How

Setting a target for provider pay per wRVU will require balancing the need to be competitive in attracting and retaining providers while maintaining a strong…

Part 8 of 12 – Pay for Performance Tools to Optimize Staff Compensation – Here is How

One reason for excessive staff pay rates may be a staffing mix that is heavily weighted toward higher paying positions. For example, you may have…

Part 7 of 12 – Deploy these lean staffing tools to improve service and reduce costs – Here is How

Apart from provider compensation, workforce staffing is typically the largest single contributor to expenses in the physician enterprise. Accordingly, prudent management requires continuous vigilance over this resource. Two areas of resource management are required, staffing levels and…

Part 6 of 12 – Multiply Revenue by Being a Leader in Value-Based Care – Here is How

CMS has recognized the need to focus on preventing periods of acute illness as well as promoting health and wellness. As a result, they have…