Dennis Viellieu, CEO of Midwest Orthopaedics at Rush in Chicago, is preparing his facility for change. As healthcare reform's impact grows, so does the potential for reductions and reimbursement cuts, he says, and he can sense his colleagues' anxiety.
Practice Management
1. Develop a Simple Framework for Strategy. There are several different frameworks that can be used to build a strategy. One concept as to strategic approach proclaims that an organization should assess (1) whether an enterprise wants to be a…
Over the last eight months, Sierra Regional Spine Institute in Reno has reviewed its workflow and made several changes to help improve efficiency and cut costs. Penny Forbes, practice administrator, describes three of the most successful changes made by the…
Overhead costs are some of the most significant costs incurred by orthopedic and spine practices. However, practice leaders can take a number of fairly straightforward actions to ensure their overhead is as low as possible.
Les Jebson, executive director of The University of Florida Orthopaedics and Sports Medicine Institute in Gainesville, shares three ways orthopedic and sports medicine groups can reduce the costs associated with running their practices.
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As healthcare reform increases transparency and allows patients to become more savvy consumers, healthcare providers will need to be creative when it comes to attracting patients to their facilities. Essential to this process is transforming your facility's patient experience from…
Orthopaedic & Sports Medicine Consultants in West Chester/Middleton, Ohio, recently celebrated its 50th anniversary. Jerry Magone, MD, a board-certified orthopedic surgeon at the practice, explains how it has achieved such success.
As physician fees continue to be pressured by Medicare and other payors, it becomes more important than ever for physician practices to look at ancillary services as a possible means to generate additional revenue — simply increasing patient volume may…
Staffing and labor, along with supply costs, is one expense that orthopedic and spine practices can control. If mismanaged, high costs in this area can affect a practice's revenue.William R Pupkis, CEO of Capital Region Orthopaedics in Albany, N.Y., discusses…
Here are five changes and improvements orthopedic and spine practices can make immediately to improve profits in their practices.