How does a medical practice thrive in a business environment where the margin of management error has all but disappeared? Profit margins are being squeezed by declining reimbursement rates, capitation plans, gamesmanship on the part of the payors, and increasing operating costs. Addressing the specific needs of today‘s medical practice, Medical Pr
INTRODUCTION. Why this book? What's a business plan and what do you do with it? Question a plan should answer. Getting started on your plan. BACKGROUND OF THE PRACTICE. Forms of business organization. Management. Personnel. Key business relationships. Key contacts. Demographics and economic development. Services. Patients (Customers). Facility/Location. Business process/patient flow. Competitor analysis. Marketing - including use of internet and social media. Regulatory Compliance including developing a compliance plan. Quality. Information systems including electronic health records (E.H.R.). Disaster and business continuity plan. Financial. tHE BUSINESS AND ACTION PLAN. The business plan and financial projection/plan.