How will managing my personal time add up to a more successful overall practice, as in more and happier patients?
A well-managed daily schedule allows you to harmonize patients’ needs with the needs of your staff and colleagues.
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How would I evaluate and compare the profitability of other practices located relatively close to mine?
There are numerous approaches, formulas and rules of thumb to determine the practice’s goodwill value. One method is called the comparable sales method.
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How would our Group go about finding the right valuation advisor?
Often a practice consultant guides the valuation process, much like a general contractor, engaging an appraiser, accountant and/or an attorney as necessary to develop an appropriate valuation and utilize that valuation in negotiations for the transaction being considered.
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How would you define “feedback”?
A type of communication (sometimes called “criticism”) that we give or get; a way to let people know how effective they are in what they are trying to accomplish, or how they affect you.
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How would you use marketing to introduce yourself to the medical community?
Announcements, an open house, yellow page ads, dinner with key physician leaders, and/or a marketing piece profiling the physician, the physician’s specialty, education/training, family, etc.
I could skip a lot of the coding hassle by billing for services at a level higher than the documentation supports, right?
Billing for services at a level higher than the documentation supports is considered up coding. Being accused of up coding is mortifying, especially when it is not intended.
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I get job advertisements mailed to me, see positions posted online and in journal, even receive telemarketing offers to interview. Any advice for separating the initial wheat from the chaff?
As with any other commercial decision, you must learn to be a very discerning consumer when sorting through your career choice and direction. Use your career assessment tools as a basis for comparing your options and opportunities.
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I was invited to an employer before my interview was even scheduled. Is this a worthwhile use of my time?
One of the biggest mistakes a candidate can make is failing to attend the pre-interview functions and social events hosted by the company. It is absolutely essential that you attend any and all events that might occur prior to the interview itself.
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I need a plan for seeing the fewest candidates possible for a position, but I still want to be sure I am selecting from a pool of only top talent.
If you should consider working with an exectuive search rectruiter / head hunter that you trust and has come personally recommended.
If you should consider working with an exectuive search rectruiter / head hunter that you trust and has come personally recommended. They will take much of the legwork out of the initial candidate search and could increase your odds of selecting the right physician for your practice by carefully evaluating and porescreening candidates. Whether you use a search foirm or not, prepare yourself for a process that will unfold along the following lines: 1. Carefully spell out precisely what you’re looking for in a new physician, 2. review qualified applicants’ CVs, 3. scehdule and conduct telephone interviews to pre-qualify best candidates, 4. schedule and conduct face-to-face interviews for best candidates, 5. conduct a post-interview analysis 6. prepare an offer for the desired physician(s) 7. enter into employment agreement negotiations and contract signing.
They will take much of the legwork out of the initial candidate search and could increase your odds of selecting the right physician for your practice by carefully evaluating and porescreening candidates. Whether you use a search foirm or not, prepare yourself for a process that will unfold along the following lines:
1. Carefully spell out precisely what you’re looking for in a new physician,
2. review qualified applicants’ CVs,
3. scehdule and conduct telephone interviews to pre-qualify best candidates,
4. schedule and conduct face-to-face interviews for best candidates,
5. conduct a post-interview analysis
6. prepare an offer for the desired physician(s)
7. enter into employment agreement negotiations and contract signing.
I often find that I’m spinning wheels and feel like I’m wasting too much time in my daily schedule. Any tips?
Identify time wasters and get rid of them (e.g. scanning junk mail catalogues). Ask, “what is the worst thing that could happen if I don’t do this?” Socializing at work is fun, but can be a major problem for your productivity.
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