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 The Business of Practice
 
Location: BlogsWebster University Business Experts    
Posted by: Webster University 4/12/2007

The dentist’s office called today to remind me of my yearly  check up.  It’s one of many annual courtesy calls, letters, and emails I receive reminding me to get up off my copay and come on in.  Now, Charmin didn’t call to tell me I need toilet paper, Kellogg didn’t call me to see if my strategic cereal reserve was running low, and GE knows that I will know if I need a light bulb.  The practice of medical specialties is lucrative in a time when Baby Boomers are physically and emotionally deteriorating and a place that is their destination.  There is opportunity here.

But many Private Practices are the new Ma and Pa companies, who made a great widget but had not a clue about fiscal management, human resources, marketing or customer service.  Some will compromise care, others will collapse under their own weight.  Larger companies will absorb some of the overwhelmed and left standing will be practitioners who do good business. 

I am grateful for good health.  I am offended by the insurance guru who (usually inaccurately) explains what I owe before I have a diagnosis, the admonishing technician who recoils at my refusal of services that I do not find medically necessary, and the panel of witnesses that attend my checkups to double document the doctor’s actions in case of future litigation. 

I think I am a generous evaluator.  I have been a private practitioner and I know the challenges of wringing out third party payments, being pressured to squeeze treatment into a limited number of visits, and teaching the janitor about HIPPA while delivering great care. 

Would anyone like to join me in a rant? --- Nicki Nance

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Re: The Business of Practice    By Karen Fattorosi on 4/14/2007
Sign me up. I rarely turn down a good rant. Are we railing against the medical system that seems to be gearing up for the onslaught of boomers and their early-aging complaints? Are we ranting as we become aware of subtle and not-so-subtle reminders that our bodies are surely following in the footsteps of our even more elderly parents--the people we swore we would never really be like? Look at our future, it is there. Are we ranting against the insurance companies who have conspired to make access to quality medical care confusing, intimidating, and largely uneven across the population. Or are we ranting at the growing tension between the consumer (me) and the medical professionals in making medical treatment decisions in an atmosphere that is increasingly speculative about the motivations of many providers and their primary payors–insurance companies. Can you say “bottom line?” I could join in any of these rants–but first let me check the which way the wind is blowing before I spit.

Re: The Business of Practice    By Karen Fattorosi on 4/15/2007
And another thing. Where is the parity between physical health and mental health? Why are insurors and employers willing to negotiate down mental health benefits leaving many insured with precious little by way of covered access to mental health services.

Re: The Business of Practice    By Tom Miller on 4/16/2007
Talk about Dentist, why do they talk you into doing whatever to save a tooth, charge you an arm and a leg to do it, then 3 to 5 years down the road you have to pay double what you paid before to have the tooth done again.

Re: The Business of Practice    By Betty Asselin on 6/7/2007
Just a brief one. I used to play tennis and in order to do relatively well, I had to practice. Briefly, it has been said that "practice makes perfect". Why do some of the most professional of men and women, who save and/or improve human lives call their profession a "practice"?. This is a misnomer if I ever heard one, isn't it?


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