Think Business! Medical Practice Quality, Efficiency, Profits 2nd Edition
Paperback
If you own, run, or have anything to do with a medical practice, you must read this book.
Thousands of physicians and practice managers have relied on the previous edition of this book. In this revised and updated 2nd Edition, nationally recognized expert, Owen Dahl, provides the vital information that top business schools teach. Think Business! is designed for the busy professional as a “mini-MBA” for the medical practice environment.
Written in a clear style, the revised edition covers the changes occurring in healthcare and reimbursement including the move from volume to “value.” All examples and content relate to the daily operations and activities that occur in a healthcare practice.
Added for this Edition!
Where to look first to control costs? We'll give you the first 3 places to look
Complete overhaul of the Finance section
MACRA, MIPS, PQRS, VBPM – Alphabet Soup
How much does it cost you to see a patient? (cost differentials of new patient vs. established patient, one office vs. another office, one provider vs. another provider...
Step-by-step guide to revenue cycle management (RCM)
What is the expected profit margins on certain patient services?
Basics of a strong compliance policy
Risk Management: choose the MedMal policy right for you
Volume to Value-based reimbursement
How Scenario Planning works well in a medical practice
Quadrant matrix to aid in decisions regarding ancillaries
Tips on benchmarking the practice
Avoiding risk of embezzlement
Coaching behaviors
Managing multi-generational teams
BONUS: Case studies that illustrate the change to pay-for-performance, risk management, ACA impact.
Today the practice of medicine must be recognized as a business. No longer can the business of the medical practice be based on the intuition of the physician or office manager.
“If you didn’t get to business school, don’t worry,” says Owen Dahl. “ I unravel the mysteries behind the various management theories – and then I provide detail as a playbook for today’s medical practice. This book is the inside scoop on the must-have information you need to evaluate the finances and business health of the practice. And if you do have your MBA, these practical applications for medicine will reinforce what you already know.”
Filled with winning techniques -- With Think Business! 2nd Edition, You will learn:
Financial fundamentals – how to keep tabs on the practice
Employees as assets: How to recruit and retain them
How to differentiate your practice from your competition
Setting the stage for pay-for-performance and quality of care
Why individual physicians – and their executive staff should care about satisfied patients and quality outcomes
Motivate employees to build great teams; it’s not only about money!
Packed with plenty of take-home value, you can count on Owen Dahl to provide you with the language, the players, and the management techniques to ensure success in your practice. His energy and sense of purpose translates into winning techniques and illustrative case studies. Refer to Think Business! often for specific strategies you can implement in your practice today. Improve your bottom line, comply with pay-for-performance, and increase the patient satisfaction in your practice.
Owen J. Dahl, MBA, LFACHE, CHBC , is a principal of Owen Dahl Consulting, in The Woodlands, Texas, and the author of Think Business! Medical Practice Quality, Efficiency, Profits, 2nd Edition, a guide to applying business fundamentals to the practice of medicine. His second book is an eBook complete with template, Medical Practice Disaster Planning Guide. He also is the contributing author of the popular books, Lean Six Sigma for the Medical Practice and Integration of Behavioral Health into Medical Homes: A Rapid Implementation Guide.
A nationally-known speaker on strategic planning, Lean and Six Sigma, culture, human resource management, and the revenue cycle, Owen is also an independent consultant with the Medical Group Management Association, MGMA. Owen’s passion for education inspired him to become an adjunct professor at the University of New Orleans and the University of Houston, as well as developing certification programs for major medical societies.