DoctorsManagement, LLC

As a consultant who works with many physicians across the country, the number one complaint that I hear from my physician clients is the time spent on documentation. Patient care is only a fraction of their day, even though it is the most important. They balk at hiring a medical scribe because of training, costs, and potential job turnover. However, AI medical scribes have proven to be a great solution to this all too familiar problem in healthcare. These advanced tools have become a game-changer for medical professionals, reducing administrative burdens and enabling doctors to focus more on what truly matters—providing high-quality patient care. https://lnkd.in/g3mVU4ye

At first thought, competency assessments seem like another mundane aspect of running a laboratory. In fact, these assessments may even seem like a waste of precious time that we never seem to have enough of as medical professionals. However, a proper competency assessment may be the most important tool a practitioner has when it comes time to evaluate your staff. In this blog, we will discuss the requirements for a competency assessment, when and what to evaluate and who is responsible for completing that assessment. At the conclusion of this discussion, the importance of competency assessments and why they matter will be clear. https://lnkd.in/gcPxcZmj

A large dermatology practice located in Eastern Tennessee was facing several challenges related to its clinical and office supply purchases. With thirteen providers across three locations, the practice was looking to improve its purchasing processes to save money and improve efficiency. Recognizing the need for a solution, they turned to us for assistance. Our team worked closely with them to review their purchasing process and identify areas for improvement. https://lnkd.in/gukvhMwz

A dental practice manager contacted us following a random state OSHA inspection at their office. The inspection led to several follow-up emails over the course of a few months, with OSHA requesting specific documentation to be provided. Eventually, the practice received citations for three serious standard violations, and penalties were assessed. The dental practice faced three serious OSHA citations due to non-compliance with certain workplace safety standards. These citations carried significant penalties and posed a risk to the practice’s reputation and operational efficiency. https://lnkd.in/exF7iPGj

Offering cash-pay services for procedures that are typically covered by insurance, such as B-12 or hormone injections, raises significant compliance concerns for healthcare providers. While this practice may seem convenient or financially beneficial, it presents serious risks under federal laws and insurance contracts. Here’s why this approach could lead to compliance issues that providers need to be aware of. https://lnkd.in/ejtz3MMP

If you have built or led a medical practice for years, putting a price tag on it may seem daunting. But if you’re transitioning and want to sell, calculating an accurate selling value is essential to ensure you attract serious buyers and get a fair deal. Even if you only intend to sell in a few years, valuing your practice now will help inform growth strategies for a more lucrative future exit. Valuation is a complex process, but there is a reliable science to doing it well. This simple guide will help you estimate your medical practice’s selling value. https://lnkd.in/eYV2Gdsj

You should be receiving a tax deduction for your vehicle, right? To maximize that deduction, that means you need a large, heavy SUV or truck…something to do with Section 179, right? Some of the most common questions faced by business owners and tax professionals surround auto deduction. This post aims to discuss the factors to consider, specifically in the context of a physician-owned medical practice. https://lnkd.in/emhR8mAf

Dermatology medical billing is a vital aspect of managing a successful dermatology practice. Unlike general medical billing, dermatology billing poses unique challenges due to the extensive range of procedures and treatments provided, which can include everything from routine skin checks and biopsies to complex surgeries and cosmetic treatments. Accurate billing requires precise coding, which is essential for appropriate reimbursement. https://lnkd.in/earrmbzu

In the final installment of our series, we delve into a comparative analysis of three prominent revenue management models in healthcare: Fee for Service, Direct Pay, and Concierge Service. We’ll explore their adoption across various specialties, their impact on patient care, practice revenue, and overall healthcare costs, and factors to consider when choosing a model for a practice. https://lnkd.in/eVU9HDiz

Incident reporting is a regulation for healthcare organizations. Besides ensuring compliance, reporting incidents can provide valuable insights into processes and systems, which you can leverage to improve the quality of care. Incident reporting also increases accountability and enhances brand reputation. In this guide, you’ll learn about the purpose of incident reporting in the healthcare industry. We’ll also cover the types of incident reporting, the documentation process, and best practices for improving standards in your company. https://lnkd.in/eK_ydftx