Practical guide to the fundamental processes of business appraisal and financial valuation, tax considerations, ownership structures, financial management, and more. For physician owners. Softcover.

Buying, Selling, and Owning a Medical Practice: The Physician's Handbook to Ownership Options

The Coker Group

Reiboldt, Max

Business & Money

American Medical Association

Sure, you re busy. But is your medical practice productive? Many medical practices judge productivity by charges, receipts, collections or the number of encounters. Fees, however, can differ from payer to payer. Plus, a practitioner can see 25-35 patients a day and still not be productive in terms of what those encounters actually contribute to the bottom line. For medical practices today, there s a far better way to measure productivity and benchmark performance year-to-year and practitioner-to-practitioner: Relative Value Units (RVUs), the measurements originally developed to standardize Medicare payments. Now, in the new book RVUs at Work: Relative Value Units in the Medical Practice, experts from The Coker Group a leading healthcare consulting firm give practice administrators step-by-step guidance on how to use RVUs to gain profitable new control over physician productivity, costs and expenses, operating margins, resource allocation, compensation and even managed-care contract negotiations. Noteworthy Features: Clear and easy to read written in layman s terms so practice administrators can immediately begin to implement an RVU approach. Practical includes examples of how different real-world medical practices are using RVUs to cut costs, enhance efficiency, boost profitability, and assure quality of care. Huge upside potential by applying the RVU approach, practice managers gain a consistent and impartial way to align how money is spent and how staff and providers use their time with the maximum benefits for both patients and the practice. Table of Contents Chapter 1: History and Background of RVUs Chapter 2: CMS and RVU Considerations Chapter 3: RVUs and Productivity Chapter 4: RVUs and Compensation Chapter 5: Utilizing RVUs in Practice Management Chapter 6: Increasing Productivity With RVU Management Chapter 7: The Future of RVUs Conclusion and Summary List of Terms

RVUs at Work: Relative Value Units in the Medical Practice

Greenbranch Publishing

COVID-19 thrust the world into a state of crisis for which no one was adequately prepared, and the fact is that no industry was so hard-hit as healthcare. Although some providers were more equipped than others, without warning all physicians' offices and hospitals were obligated to stay up and running through the deadly pandemic while delivering life-saving care and preventing wide-spread infection. 
Effective Crisis Leadership in Healthcare conveys hard-learned tactics, strategies, and advice to enable healthcare leaders to increase their confidence and mental preparedness prior to the next big catastrophe. This book addresses industry-wide problems revealed by COVID-19 like inadequate crisis planning, lack of financial stability, and inexperience with communication and leadership.\nHow does this book give you an advantage? 
Greeter and Reiboldt share key lessons learned from the Pandemic and arm medical practice leaders with actionable information to continue to develop their leadership skills in preparation for future crises.\nHere are just some of the topics the authors discuss in detail: 
Definition of Crisis Business and Continuation Planning Developing a Preparedness Plan Actions to Take Before a Disaster Communication Techniques During and After the Crisis Qualities of Effective Leaders Vision of the Future Management Principles for Administrative and Physician Leaders Minimizing the Potential Impact of a Crisis Ongoing Monitoring Cybersecurity and Crisis Management Third Party Vendors Crisis Management Planning Team Stress & Tension Legal Counsel's Role in a Crisis Post-Disaster Checklists Organizational Learning and Social Evaluations Learning from Our Mistakes\nIf you're a healthcare provider or administrator, Effective Crisis Leadership in Healthcare will give you the benefit of COVID-19 hindsight and a roadmap to planning for any future catastrophes.

Effective Crisis Leadership in Healthcare: Lessons Learned from a Pandemic

Greeter, Aimee

Industries

American Association for Physician Leadership

The Healthcare Executive's Guide to ACO Strategy, Second Edition, provides healthcare leaders with new strategies and tools to implement and manage accountable care organizations (ACO). Based on the experiences of organizations that have started down the path of ACO development, the authors discuss what has and hasn't worked and share new strategies for organizations grappling with managing an ACO.
Wherever an organization is on the timeline for structuring its alliances and addressing evolving reimbursement issues in the accountable care era, this book delivers valuable information to help healthcare executives meet their pending challenges.
This resources offers:
 - Discussion of all updated regulations pertaining to ACOs - Academic and real-world examples of the evolution of the Pioneer program - Explanation of a new approach to bedside care that moves from the volume/productivity model to a value-based model - A physician's viewpoint on ACOs from author Ellis 'Mac' Knight, MD - A focus on taking ACOs from theory to practice in implementing a value-based model: Coker's 'Care Process Design System' - Analysis of what has and hasn't worked, based on real experience - A chapter dedicated to the experiences of the Pioneer program
Table of Contents
Chapter 1: Accountable Care Organizations and Clinically Integrated Networks: An Overview Chapter 2: How We Got Here Chapter 3: What We Anticipate About Accountable Care Concept Chapter 4: Moving From a Structural Construct to a Functional Construct Chapter 5: Physician-Hospital Integration Chapter 6: Compensation and Anticipated Changes Chapter 7: Are You Ready for an ACO and CIN Environment? Chapter 8: Legal Considerations of ACOs and CINs Chapter 9: The Pioneer Program and Its Outcomes Chapter 10: The CMS Shared Savings Program Chapter 11: Benchmarks for CMS Shared Savings Program Chapter 12: Quality Measures Chapter 13: The Role of Information Technology Chapter 14: Patient-Centered Medical Homes Chapter 15: Where Do We Go From Here? Appendix A: Pilot Programs in Place Appendix B: SSP Participants by Region/State Appendix C: Glossary of Acronyms
Who should read this book?
 - Healthcare executives - C-suite and other high level financial, administrative, and clinical leaders within a hospital setting and in large private practices - Healthcare attorneys - Medical Staff - Quality/Patient Safety professionals

The Healthcare Executive's Guide to Aco Strategy

Medical Books

Coker Group

Knight, Ellis

Administration & Medicine Economics

HealthLeaders Media

"Explains how physicians and hospitals can work together within the current health care system to profitably deliver quality health care"--Provided by publisher.

Integration Strategies for the Medical Practice

Reiboldt, J. Max

Hunter, Craig W.

Deweese, P. Todd

Amer Medical Assn

This resource provides exercises in medical practice financial planning, as well as a step-by-step process for budgeting. Learn to implement guidelines to control cash and establish internal controls covering collections and fraud prevention.

Financial Management of the Medical Practice (Practice Success)

Finance

Whether establishing a solo practice, joining a group, or purchasing an existing practice, this comprehensive resource provides in-depth information on the fundamentals of strategic practice management and future planning for the medical practice. It tackles options, challenges, and trends related to business and practice management facing medical practices, and strengthening your position to thrive for many years to come. A valuable educational resource, Starting, Buying, and Owning the Medical Practice outlines the strategic options and alternatives available when determining the most appropriate models and methods for successful stability and growth. Organized in two sections, the first part provides both practical and operational functions of a practice's start-up, including such considerations as legal, financial, and personnel. Part two focuses on practice ownership and structure models that have emerged in the health care industry, including private ownership, physician alignment strategies, and the physician as an employee. Beneficial tools and guidelines help strengthen the physician's current position within the practice regardless of the health care venture they are in or planning for the future. This book provides business insight to questions asked and challenges faced by practices today, as well as how recent trends have impacted physician decision making for future needs. Features include: * Current health care trends -- aids in strengthening the physicians current position or determining the position they are most comfortable in when planning for a successful future * Basic planning guidelines -- assists physicians in understanding fundamentals and organizational alternatives to help make informed decisions to grow their practice's success * Charts and graphs -- provide visual applications that emphasize the principles presented * Easy-to-read format -- geared to a wide range of health care personnel in various envir

Starting, Owning, and Buying a Medical Practice (Starting a Medical Practice)

"This resource provides in-depth information on the fundamentals of strategic practice management and future planning for the medical practice in the areas of selling, closing, and valuation"--

Selling, Closing, and Valuing the Medical Practice (Practice Success)

Private Equity and Healthcare: Leadership, Economics, and Trends for the Future

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