Are there professional credentialing services to help me in the process? Are there any for non-US, international residents?

The Federation Credential Verification Service (FCVS) from the Federation of State Medical Boards is one, and The Universal Credentialing DataSource system developed by the Council for Affordable Quality Healthcare is another.
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As a physician, what are some of the things that I should look for in choosing a managed care organization?

The trend for the future includes a focus on “customers/patients”, emphasizing preventative care and efficiency. The adoption of Information Technology is also becoming extremely important.

As a physician what is my liability in light of the new HIPAA regulations?

HIPAA Security requires medical practices to put reasonable measures in place to protect electronic patient information from internal and external security threats.
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Does “Goodwill” mean more than having returning patients?

Goodwill is made up of many components, including the tendency of patients to return to the same place of business for a given service, and the patterns of physicians, optometrists, opticians and patients to keep referring to the same practice.
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Generally speaking, which three organizations need to see my credentials before I can begin practicing?

The State Medical Board, the Hospital, and Managed Care Organizations will need to see a physician’s credentials before practicing can begin.
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How can I determine an established medical practice’s worth?

If the practice has an established track record of financial success in achieving greater income than other physicians in the specialty, it may hold ongoing value for the buyer.
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How does a new physician prepare to manage the time consuming and burdensome credentialing process while trying to earn a livelihood and gain valuable patient care experience?

Become well prepared to manage the massive amount of communication to be undertaken. Start by creating a journal of contacts to stay organized as you keep a record of contacts made to secure documentation for credentialing from a wide variety of sources.
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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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If I am the primary care physician, what is my liability if I refer a patient to another physician?

Whether you are the referring or the consulting physician, you will be held responsible for the care of a patient who is under your treatment.
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Business of Medicine- Launch Your Career® for Residents and Fellows