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.
Practice Management
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.
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…
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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.
Surveys show that compensation for orthopedic practice administrators varies widely, depending on years of experience, size of the group and many subjective criteria of each practice. Base salaries rose slightly from 2007 to 2008. Here are observations on and trends…
High malpractice insurance costs and tort reform are hot topics for all physicians, especially for orthopedic and spine surgeons. Here, Patrick Sedlak and Mark Aldous, both senior vice presidents with the healthcare practice of insurance broker and risk advisor Marsh…
For orthopedic practices, the quality of the overall experience of their patients is of utmost importance. However, with the rapid pace of everyday operations and the myriad responsibilities physicians and their staffs have, the need to keep a good eye…