Managing a medical practice is an experience that can’t be meaningfully compared to anything else. Daily operations often border on chaotic: Effective deployment of people, space and supplies is essential to success, but it can also be overwhelming. Most importantly, your patients’ lives depend on your effectiveness.
This daily grind, however, is often just that – a daily grind. You can produce a fruitful and productive day, but are you also creating an effective practice and a path to a successful future? If you’re not sure how to answer that question, it might be time to step back and determine a solid framework for your practice, your goals and your future.
The following tips can help you move from uncertainty into opportunity:
Creating a growth-minded culture that celebrates communication, opportunities, and individuals can lead to a practice where people want to work and where patients clamor to visit.
Elizabeth Woodcock is the founder and principal of Woodcock & Associates. She has focused on medical practice operations and revenue cycle management for more than 25 years. She has led educational sessions for a multitude of national professional associations and specialty societies, and consulted for clients as diverse as a solo orthopaedic surgeon in rural Georgia to the Mayo Clinic. She is author or co-author of 17 best-selling practice management books, to include Mastering Patient Flow and The Physician Billing Process: Avoiding Potholes in the Road to Getting Paid. Elizabeth is a Fellow in the American College of Medical Practice Executives and a Certified Professional Coder. In addition to a Bachelor of Arts from Duke University, she completed a Master of Business Administration in healthcare management from The Wharton School of Business of the University of Pennsylvania. She is currently a doctoral student at the Bloomberg School of Public Health of Johns Hopkins University.
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