Why Cutting Costs Won’t Save Your Independent Practice
Medicare reimbursement rates have declined 33% over the last 20 years while practice costs have skyrocketed. Every year, financial challenges further squeeze independent practices. It’s only natural that managing partners and practice administrators start scrutinizing expenses and slashing costs. But cost-cutting alone won’t protect a practice.
Thriving Independently: Entrepreneurial Opportunities for Physician-Led Practices
How can independent practices navigate financial pressures, regulatory burdens, staffing challenges, and reimbursement complexities—all while preserving clinical autonomy? Managing partner Rohit Goyal, MD of Pulmonary Associates of Fredericksburg takes an entrepreneurial approach to practice leadership that helped him increase annual revenue by 15%—without increasing his workload.
Good Care Shouldn’t Begin in the Emergency Room
Over a decade ago, my father suffered a heart attack. In the weeks that followed, he received an overwhelming amount of care: hospital visits, specialists, medications, and lifestyle changes that were suddenly top priorities. But what struck me most was the glaring absence of professional support before his heart attack.
Why Independent Practices Need to Survive — and Thrive
Patients can receive great care in many different settings, from a large national health system to the office of a single rural physician. So why is there so much concern about the decline of independent practices?
Neurologists have practice management on the brain (sorry, we had to)
Coming out of the NeuroNet Summit 2024 last week, one thing is clear: neurology leaders are actively seeking solutions to the industry-wide challenges putting their practices at risk…
Combating Margin Compression
How wilI your practice beat margin compression? Experts at Pinnacle and Phamily will help you understand margin pressures and identify, prioritize, and invest in margin expansion opportunities that can enhance your profitability in 2024 and beyond.