When you run a private medical practice, you’re invariably going to hire vendors outside of your practice to perform services. If you are going to share protected health information with that vendor, you will need a Business Associate Agreement (BAA) to be HIPAA compliant. But before you sign a contract for services and the BAA, you will want to co...

Physician compensation is often based on RVUs. But, in reality, RVUs actually have no monetary value.  So in order to understand productivity and revenue you have to know what an RVU is, how it’s determined and how to determine what it’s worth. In this episode, you'll get all this info and more.

RVU stands for relative value units and are bas...

Whether you are starting or running a medical practice, one of the questions that always comes up is should you get individual contracts with each insurance company or join a provider network. But even trying to answer that question, we need to understand the types of provider networks. Admittedly, it’s very easy to be confused by the alphabet s...

When you are ready to hire staff deciding whether to hire them as an employee or an independent contractor can be very confusing.  Now you may be wondering why you need to understand what it means to be an independent contractor and, how that status different from being a full employee.  Most importantly, I’m sure you’d like to know how hiring t...

There isn’t a day that goes by where I don’t read something about physician burnout. Corporate medicine and the health insurance companies are destroying healthcare delivery. Physician ownership allows you to control every aspect of how you practice medicine. That said, there’s a tremendous amount of doom and gloom when people talked about physicia...

You want to get paid for the work you do. And managing your revenue cycle is the key to achieving this. But there are lots of things that have to go right in order for you to capture the maximum revenue for the services you have provided. And before you start a diatribe about insurance companies, I want you to recognize that all of the items listed...

Are you trying to figure out where the ideal location is for your new office? Often, there are so many competing priorities that you need to consider when looking for that perfect medical office space involves can be overwhelming. This really big decision affects everything from your daily commute to your patient base. And you’ll probably be lock...

Negotiating a commercial lease for your new office space is nothing like signing a residential lease. There are multiple different lease type ranging from full service (all-inclusive) to NNN (where everything is a la carte) and everything in between. And commercial leases have many more conditions that you’ll need and want to negotiate.

As with ...