The Employed Physician: Your Essential Guide to the Business of Medicine

More and more physicians are opting for employed positions, either when starting their careers or in transitioning from independent practice to employee status, when a practice is sold or merged. Nationally known healthcare consultant Jeffrey Gorke translates his nearly 30 years of experience into a winning playbook for employed physicians in a healthcare practice. Packed with tips, insights and action-oriented tools, this guide helps readers rapidly master the language, the players, and the management structures of healthcare practices. Learn how to size up location, culture, compensation, benefits, and be prepared to ask all of the right questions in identifying, seeking, and landing the best job. Written in the no-nonsense tone that has made Greenbranch Publishing the definitive voice of physician practice management, The Employed Physician: Your Essential Guide to the Business of Medicine (in print or convenient eBook) is the ultimate tool to give you the confidence you'll need as you become an employed physician. Remember, the more control you have going in, you will have fewer surprises during the recruitment and negotiation process. TABLE OF CONTENTS BOOK ONE: The Job Search And so it begins First things first Introspection The pyramid Physician market saturation Patient demographics Payer mix Jeff s Non-Exhaustive Managed Care Continuum Fun/Educational Anecdote 1 Med/mal overview Jeff s Med/Mal Risk Mitigator Bringing It Together to Determine Your Practice Setting Fun/Educational Anecdote 2 Fun/Educational Anecdote 3 Employment or Private Practice? That s the Question Fun/Educational Anecdote 4 Practice Type Solo vs. Group Group Practice Single-specialty vs. Multi-specialty Decision Pyramid Group Composition Topping Off the Pyramid Show Me the Job: Locating the Right Job Recruiters, Buddies, and Pals The Friends Network Now, Land Your Ideal Group Compensation Physician Compensation in an EPN (Employed Physician Network) What Do Physicians in Your Specialty Make? How Many Physicians Payer Mix Sources and Sources Jeff, Give Me the Bottom Line Fun/Educational Anecdote 5 Type of Organization Professional Corporation The Interview Process Fun/Educational Anecdote 6 New vs. Old The Numbers Your Contract and Future Buy-in/Buyout The Buy-in BOOK TWO: On to Business The nuts and bolts of the medical practice Group structure non-tax related Fun/Educational Anecdote 7 What to look for top down Strategic Planning Vision and Mission Statements Summary The Org Chart Managing Partner Staff Fun/Educational Anecdote 8 Take a Breather and Reconcile Fun/Educational Anecdote 9 Fun/Educational Anecdote 10 Management Structure Fun/Educational Anecdote 11 Help Wanted: Administrator s Job Description Fun/Educational Anecdote 12 Jeff, Who s Left and Why Do I Care? Outside s as Important as Inside Accountants I ll Take One Lawyer, Alex Qui Tam No Free Lunch! Fair Market Value (FMV) Going One Step Deeper CPT® Ranges (General) Accounts Receivable Days in AR Cash Controls Marketing Payers and Such Medicare The World of HSIAO Lastly, as a Dry Aside Commercial Payers Payments and Such Revenue for a Day The Scent Behind the Closet Door: Volume to Value Overhead: The Cost to Doing Business Fun/Educational Anecdote 13 Overhead: You Know It, So What Is It!? Fixed Operating Costs How to Cut Overhead: The Sweet Science Chasing Your Tail Another Overhead Possibility The Benefits of Controlling Costs Decisions, Decisions And Yet, More Props to the High-Overhead Group That s All Folks Miscellaneous Ramblings and Assorted Other Thoughts Electronic Health Record (EHR) or Not? A Word About ROIs Monthly Numbers Dashboard Reporting The ACA New Models MACRA/MIPS A Parting Shot Across the Bow Summary CHECKLIST Read more