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51

Giving Back To The Community

Lighthouse Pediatrics set up a Swap Shop for its patients and local community, whereby folks can leave or take clothes and supplies as they need them. We spoke with Dr. Dudley to learn more.

55

Killing The Affordable Care Act

The congressional failure to replace, or repeal, ACA has done little to halt White House ACA-elimination attempts. Rather, it shifted the Trump Administration’s repeal strategy to one of utilizing underhanded tactics, by undermining the federal ACA exchanges and individuals’ support through de-funding specific provisions.

56

R.I.P. NCQA PCMH 2014

What’s In, What’s Out, and what to expect from the new standards.
If your practice is racing toward the finish line to become recognized as a Patient-Centered Medical Home (PCMH) under the 2014 program of the National Committee for Quality Assurance (NCQA) by September 30th, we wish you a speedy and successful finish!

59

Simple Methods For Valuing Your Medical Practice

How to determine your practice’s value for buy-in, buy-out and sale to other practitioners.
The trick to a fair shareholder valuation formula is to keep it simple. Think of conveying the calculation to, say, a new physician that is thinking about joining your practice and buying in. If the process takes more than a minute to explain, it is likely that it is more complicated than it needs to be.

60

Employee Turnover: The True Cost of Hiring a Replacement

It can feel like a revolving door at your practice, with a never-ending parade of new employees each needing to learn the ropes. Staff turnover disrupts routines, impedes patient care, and wears down office morale and the team’s ‘spirit’. When all is considered, including the cost of the hiring and replacing staff, your practice is losing much more than an employee.