HEALTH CARE: Developing a Profitability Culture

One of the most frequent questions I encounter as a health-care business consultant is, "What can we do to increase our profitability?"It's an important question, since profitability ultimately drives the success of a medical practice--or any other business, for that matter. In answer, I generally...

HEALTH CARE: The 10 biggest financial management mistakes

In The Business News' May health care report, we explored five of the 10 biggest financial management mistakes made by medical and dental practitioners. They were:· Failing to live within your means· Not planning your work or working your plan· Failing to use outside advisors·...

HEALTH CARE: Ten biggest financial management mistakes

Over many years of working with physicians and dentists I have seen all kinds of "interesting" financial decisions. While all the physicians and dentists I have known are honest, hard-working individuals, they have not been immune from bad decisions and poor judgement. In this article,...