Are you paying staff in line with the national benchmarks? Here’s our ninth annual Staff Salary Survey, where 1,082 respondents (practice managers and physicians) let us know how much each of their staff members earn. Here are a few highlights:
The most common way practices have managed EHRs is keeping that responsibility in-house, meaning that the role is “owned” by an internal employee, according to Derek Kosiorek, principal consultant with the Medical Group Management Association’s Healthcare Consulting Group.
The government’s involvement in healthcare has forcibly changed the way practices care for its patients. In the past few years, the government has mandated practitioners implement and use EHRs through the Meaningful Use program, comply with the Physician Quality Reporting System and Value-based Modifier program. It later introduced the Medicare Access & CHIP Reauthorization Act (MACRA) to regulate Medicare payments, compiling those programs while adding additional requirements.
A good recruiter will weed through the candidates and give you just a few (no more than three) who appear to be a good fit for you and your practice. Additionally, seasoned recruiters will do thorough reference checks and logistical coordination of interviews, which frees up your already tight daily schedule. They also are great at being the “go-between” when it comes to compensation negotiations, so after the hire is made there is no bad blood between employer and new-hire. Of course, when it comes time for the interview, there are several items you need to ensure are covered.
Two commonly overlooked areas of most doctors’ legal and financial planning is their asset protection and risk management planning. As money comes in and doctors move from debt to the surplus and profit phases of their careers, issues like tax, investment, and estate planning will most often get addressed. Unfortunately, protecting that accumulated wealth, its sources, and reducing predictable risks are often overlooked. Now, let’s get to the case study. As a note, all non-material details have been changed to protect the client.
I have a few simple rules in the office. Patients who make a good faith effort will be treated regardless of the office balance. I have one elderly gentleman with severe problems that generally result in him being hospitalized several times a year. He has little or no income, yet every month he sends a few dollars due from his bill.
Whether you are buying, selling or holding your apartment portfolio, the outlook is positive for the, smaller apartment owner. The pipeline of renters will continue increase exponentially through 2025, as 10,000 Millennials turn 25 every day. Now is the perfect time to take a hard look at your portfolio.
Optimism among U.S. construction contractors dipped in the second half of 2016, but the majority of them still expect to see growth this year, according to the Associated Builders and Contractors’ latest Construction Confidence Index.
Ann Arbor’s housing market tends to be stronger than Detroit’s. Detroit, a city of 677,000 people, has gone through monumental change over the last several decades. Though the city has made strides to improve services, attract businesses, and invest in its neighborhoods, the city’s image is still plagued by stories of population loss, crime, and blight. And though Detroit’s alleged turnaround has also made headlines, the data shows that the city still faces an uphill road toward real prosperity.
Whether you count yourself as a luddite or a techie, you’ve probably heard the phrase “internet of things” bandied about. Futurists like Ray Kurzweil, Google’s technological soothsayer, are predicting an eventual future of connected devices, predictive responses, digital machine-to-machine communications, and networks of integrated sensors that track environmental and behavioral changes—in essence, a revolutionary shift in home life.