{"id":569,"date":"2013-02-26T14:56:39","date_gmt":"2013-02-26T14:56:39","guid":{"rendered":"http:\/\/www.medicalbillingstar.com\/blog\/?p=569"},"modified":"2017-02-14T10:43:59","modified_gmt":"2017-02-14T10:43:59","slug":"5-ways-small-practices-can-thrive-in-a-hostile-economic-environment","status":"publish","type":"post","link":"https:\/\/www.medicalbillingstar.com\/blog\/5-ways-small-practices-can-thrive-in-a-hostile-economic-environment\/","title":{"rendered":"5 Ways Small Practices Can Thrive In A Hostile Economic Environment"},"content":{"rendered":"

Will Private Practices Be Forced To Go Off The Grid ?<\/b><\/span><\/h2>\n

Independent practices are dying a quiet death all across the country. It is becoming increasingly difficult to manage expensive transitions, pay the bills, and focus on patient care. Every statistic about healthcare, points to one grim fact- it might be the end of private practices. Unable to withstand mounting financial and regulatory pressures, small practices are shutting their doors.\"Private-Practices\"<\/a><\/p>\n

Between, A Rock And A Hard Place\u2026<\/b><\/span><\/h2>\n

Most independent physicians feel like a fish out of water when working in the hospital environment. It means getting used to different terminology, processes and working hours. And it is not just adjustment issues. As with any big organization, the red tape involved can confound and trip up medical practitioners. Small, perfectly reasonable requests may take forever to be processed.<\/p>\n

Small clinics are way below the food chain and will be treated that way.<\/p>\n

Is Concierge Medicine The Answer ?<\/b><\/span><\/h2>\n

Forget third party payers. A, complicated, billing process<\/a>. And those nasty cuts and audits ! Is concierge medicine a heaven-sent option? Yes, if you are a competitive physician who doesn\u2019t mind being on call 24\/7. If being at the beck and call of patients doesn\u2019t scare the daylights out of you. Or, the \u201cI paid you, you work for me\u201d approach doesn\u2019t deter you, opt for concierge medicine.<\/p>\n

But the limitations, drawbacks, pressures and financial stability of the concierge model needs to be analyzed before you arrive at a decision. \u201cBoutique practices<\/strong>\u201d or \u201cPersonalized healthcare<\/strong>\u201d sounds sweet. But for the physician who is not good at money or time management, it can spell doom.<\/p>\n

For Those Determined To Stay The Course !<\/b><\/span><\/h2>\n

There are quite physicians who are refusing to buckle under pressure. \u201cI am sticking to my private practice as I don\u2019t know, and cannot stand, any other way of working<\/strong>\u201d is what Terry Williams a private practitioner based in Mississippi<\/strong> has to say. And there are several physicians who echo his views.<\/p>\n

Here Are Five Tips For The Small Practice Owner To Fight The Good Fight !<\/b><\/span><\/h2>\n