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The Business Basics of Building and Managing a Healthcare Practice

  • Book
  • © 2020

Overview

Editors:
  1. Neil Baum

    1. Tulane University School of Medicine, New Orleans, USA

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    You can also search for this editor in PubMed   Google Scholar

  2. Marc J. Kahn

    1. Tulane University School of Medicine, New Orleans, USA

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  • Covers practical business and administrative challenges not often addressed in medical school and other formal health care training: budgeting, schedule planning, debt, insurance, financial planning and much more
  • Delivers up-to-date, must-know information on today’s changing health care system and the economics of practicing medicine
  • Provides useful and pragmatic information to help doctors in training make smart and informed decisions for building and managing a successful medical practice

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Table of contents (27 chapters)

  1. Front Matter

    Pages i-xvii
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  2. Basic Business Concepts and Principles

    1. Front Matter

      Pages 1-1
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    2. Why Doctors Need to Consider Medicine a Business

      • Marc J. Kahn, Neil Baum
      Pages 3-8

    3. Time Value of Money, or What Is the Real Financial Value of an Opportunity?

      • Marc J. Kahn, Neil Baum
      Pages 9-12

    4. Basic Accounting and Interpretation of Financial Statements

      • Marc J. Kahn, Neil Baum
      Pages 13-18

    5. Revenue Cycle Management

      • Brandt Jewell
      Pages 19-29

    6. Contracts and Negotiation

      • Marc J. Kahn, Neil Baum
      Pages 31-36

    7. Entrepreneurship and Formulating Business Plans

      • Marc J. Kahn, Neil Baum
      Pages 37-41

    8. Managing People

      • Marc J. Kahn, Neil Baum
      Pages 43-46

    9. Basic Personal Finance and Investing

      • Marc J. Kahn, Neil Baum
      Pages 47-52

    10. Organized Medicine

      • Marc J. Kahn, Neil Baum, Michael S. Ellis
      Pages 53-58

  3. Your First Job

    1. Front Matter

      Pages 59-59
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    2. Transition from Training to Practice

      • Marc J. Kahn, Neil Baum
      Pages 61-68

    3. Managing Student Debt

      • Marc J. Kahn, Marissa Lespinasse
      Pages 69-73

    4. MIPS MACRA and Payment Models

      • Marc J. Kahn, Neil Baum
      Pages 75-79

    5. Obtaining and Maintaining Referrals from Other Physicians

      • Marc J. Kahn, Neil Baum
      Pages 81-94

    6. Branding Your Medical Practice: How to Make Your Practice Distinctive and Unique

      • Marc J. Kahn, Neil Baum
      Pages 95-101

    7. Legal Considerations in Hiring and Firing of Nonphysician Staff

      • Walter Christy
      Pages 103-111

    8. Malpractice

      • Marc J. Kahn, Neil Baum
      Pages 113-115

    9. The Role of Mid-level Providers

      • Marc J. Kahn, Neil Baum
      Pages 117-124
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Keywords

About this book

This book is intended to be a roadmap towards a successful practice for medical students, residents, fellows, and doctors. This roadmap focuses on how to build and manage a medical practice, and can be applied regardless if the reader is employed, joins a small group, or if they are a doctor who decides to start their own practice. Part I covers the basic business concepts that every physician needs to know. Chapters emphasize the benefits that accrue to a physician who understands the basics of business. Part II provides a guide for doctors who are beginning a medical practice. The chapters define the various options for doctors’ employment such as solo practice, group practice, and academic medicine. The section also includes the process of negotiating contracts, identifying the advisers who help physicians become successful, and secure within their field and practice. The final part emphasizes strategies on how to build and grow a successful practice by covering topics such as hiring staff, employee motivation, creating a brand, gaining recognition, online reputation and presence, crisis management, integrating new technology, and work/life balance.



The Business Basics of Building and Managing a Healthcare Practice serves as a valuable resource that helps doctors make a difference in the lives of their patients, as well as help them make good financial decisions. 

Editors and Affiliations

  • Tulane University School of Medicine, New Orleans, USA

    Neil Baum, Marc J. Kahn

About the editors

Neil Baum
Tulane University School of Medicine
New Orleans, LA
USA
 
Marc J. Kahn
Tulane University School of Medicine
New Orleans, LA
USA



Bibliographic Information

  • Book Title: The Business Basics of Building and Managing a Healthcare Practice

  • Editors: Neil Baum, Marc J. Kahn

  • DOI: https://doi.org/10.1007/978-3-030-27776-5

  • Publisher: Springer Cham

  • eBook Packages: Medicine, Medicine (R0)

  • Copyright Information: Springer Nature Switzerland AG 2020

  • eBook ISBN: 978-3-030-27776-5Published: 20 November 2019

  • Edition Number: 1

  • Number of Pages: XVII, 213

  • Number of Illustrations: 17 b/w illustrations, 5 illustrations in colour

  • Topics: Practice and Hospital Management, General Practice / Family Medicine, Health Administration

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