While many outsiders may think of a medical practice differently, as the owner of the practice you know it is important that you operate your practice like you would any other business. That means you pay close attention to your expenses and costs, to money coming in and out, and when improvements and upgrades are needed to your facility so you can stay competitive.
Many medical practices today have turned to joining Preferred Provider Organizations, or PPOs as they are commonly known. Since many insurance plans offered by employers and by Medicare are PPO plans, it makes sense to become part of an organization. Being a member can help to grow your patient or client base as more people need to see practices that fall within their network.
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There are many medical practices today that find a large portion of their patients are coming to them with workplace injuries. If you own or operate an ambulatory surgery practice, a chiropractic practice, physical therapy facility, orthopedic surgery practice or another medical facility, you likely see many patients today that have been hurt while on the job.
Your medical practice has turned out to be everything you always hoped it would be when you started it. You have a steady flow of patients each day, a staff that you can count on and rely on, and a good location that suits your needs. One thing you have noticed, however, is that as your practice has grown,
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As great as it is when you see your practice start to grow, you may find quickly that you were not quite prepared for the explosion that you see. While the goal is always to increase the number of patients so you can supply proper care and establish your practice when you have more patients than you may have been prepared for,