The economy has hit everyone, and your practice is no different. Here are a few suggestions on how to ease expenses while we’re waiting for the recovery to happen. – Jen Gilbert • Cut hours, not jobs For jobs not directly associated with patient care, consider cutting just a few hours a week. If you [...]
Medicare Home Care Program Sounds Great, But How Will Physicians Be Paid?
An article posted in September 2010 in the LA Times online profiles a program that could be wonderful for elderly patients who can’t get out to see their doctors. The program helps patients, cuts hospitalizations, and thus cuts costs. But the whole plan leaves one thing out—money to cover the physicians’ expenses for doing all [...]
Healthcare Immune from Economy No More
In good times and bad, people still get sick, right? This conventional wisdom makes sense: Healthcare should largely be immune from the ups and downs in the larger economy. According to a recent study, it’s not. The National Bureau of Economic Research recently published a study finding that 26.5% of Americans report cutting back on [...]
Electronic Health Records: Making the Cost vs. Benefit Decision
EHRs are the holy grail of medicine. They promise to increase efficiency, improve quality, and ultimately reduce costs. And of course there are the new governmental incentives – and penalties. Starting next year, physicians who meet government qualifications demonstrating “meaningful use” of EHRs in their practices stand to gain up to $44K in Medicare or [...]
The Opportunity of Your Lifetime
Once in every 2-3 generations an opportunity presents itself that enables those prepared for it to become wealthy beyond their wildest dreams. Generational wealth…the kind that passes on to your children and their children…and on and on. The events that began to transpire in late 2008 represent this once in a lifetime opportunity, and those [...]
Kip Herriage, Are You Serious About Building Great Wealth?
Of the thousands upon thousands of books that have been written on the subject of achieving financial freedom and building lasting wealth (and I have read more than my fair share of them), maybe 10% are actually written by those that have been there, done that. We’ve all read the quote, “Those that can, do….and [...]
Overheard Thoughts