Setting the pace: the qualities of physician leaders as entrepreneurial businessmen--what makes them successful?
As pay-for-performance plans, quality measures, and other initiatives become permanent fixtures in our third-party reimbursement system, it is more important than ever to treat your practice as a business. Operating a practice is never an easy task, but working toward achieving your goals is important. Remember, not all investments pay offimmediately, but streamlining your practice should show results in your efficiency, bottom line, and patient and staff satisfaction levels. The business side of a practice is constantly changing and will continue to change. Visionaries realize that with such a dynamic process, there is no time to sit back when things are running well. They track performance and start experimenting with new ideas to make things even better. Don't continue to do things the way they have always been done. Be open to looking at different and new ways to make both the practice and the processes more efficient and more patient-friendly to see results in your bottom line.
Cascardo
Debra
D
The Cascardo Consulting Group, One Fox Run, Armonk, NY 10504, USA. dcascardo@aol.com
D003132:Commerce; D016520:Entrepreneurship; D018588:Fee-for-Service Plans; D006801:Humans; D007349:Insurance, Health, Reimbursement; D007857:Leadership; D011216:Practice Management, Medical / Q000191:economics / Q000639:trends*; D010818:Practice Patterns, Physicians'; D011787:Quality of Health Care / Q000191:economics