Medicare coverage was specifically designed with two goals in mind: to help those whose ability to afford healthcare coverage has been affected by age or disability continue to receive quality medical care, and to provide a financial incentive to physicians to provide such care. Coincidentally, it’s those within the Medicare patient population who require a […]
For many physicians, the ultimate professional goal is to start their own practice. Running a practice not only offers the benefit of being your own boss, but it also frees you from the restrictions placed upon you by larger physician groups. It also allows you to finally build up your own clientele of patients with […]
With all of the upheaval happening in regards to healthcare at the federal and state levels, it’s easy to see why physicians are concerned about Medicare and Medicaid participation. While patients with federal and state healthcare coverage often constitute a large portion of any doctor’s patient population, the restrictions placed by reimbursement and regulatory compliance […]
The advantages that come from transitioning to a private practice are virtually unending. Not only are you finally able to enjoy a deeper one-on-one interaction with your patients, but you’re also allowed the freedom to set your own course regarding practice, payment, and billing guidelines. Operating in such autonomy is the dream of nearly every […]
Transitioning to a private practice gives you a great deal of control and flexibility over many aspects of your practice. To keep your patients onboard with the changes you are making, you need to open up the lines of communication. Whether you are slowly making the transition or are considering it, here are some ways […]
The relationship you establish with your doctor is essential to managing your health, even though at times visiting the doctor can be challenging. There is an excess of information to gather, protocols to follow and insurance to decipher.
The unremitting economic pressure on providers from insurance companies and the government has jeopardized the personal doctor/patient relationship. […]
Whether you are a medical student, dental professional or a physician who is considering or currently managing a private practice, The American Academy of Private Physicians is a great organization for you to join. We are a nonprofit organization that has been around since 2003. We strive to continuously provide medical professionals with support and […]
With private medicine, patients can select the physician who will be treating them. Treatment options include outpatient at a clinic or as part of the patient’s hospitalization. Private medicine, also known as concierge physicians, retainer practices, direct care practices and boutique practices, is a direct and individual financial relationship between the provider and the patients. […]
Managing a private medical practice is a full-time job. In addition to providing care to patients on a regular basis, physicians must control the finances by routinely reviewing accounts receivable, manage spending on supplies, and regularly provide raises and bonuses for employees.
The majority of private medical practices align with corporate models in which physicians are […]
Since the recent economic downturn, significantly fewer patients are seeking elective medical care. With doctors seeing fewer patients in general, it can be extremely challenging to reach new patients and develop your private medical practice successfully.
Stay informed about the needs of those that live in your community. By meeting a market at the ideal point, […]