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The Business of Building and Managing a Healthcare Practice

Going Beyond the Basics

  • Book
  • © 2023

Overview

Authors:
  1. Neil Baum

    1. Urology, Tulane Medical Center, New Orleans, USA

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    You can also search for this author in PubMed   Google Scholar

  2. Marc J. Kahn

    1. Kirk Kerkorian School of Medicine, University of Nevada, Las Vegas, Las Vegas, USA

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    You can also search for this author in PubMed   Google Scholar

  3. Jeffery Daigrepont

    1. The Coker Group, Alpharetta, USA

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    You can also search for this author in PubMed   Google Scholar

  • Completely updated and expanded new edition going beyond the basics
  • Provides ethical ideas and suggestions to increase the visibility of a practice
  • Written by experts in medical practice and business development

  • 4781 Accesses

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Table of contents (37 chapters)

  1. Front Matter

    Pages i-xviii
    Download chapter PDF

  2. Why Doctors Need to Consider Medicine a Business

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 1-5

  3. Time Value of Money, or, What Is the Real Financial Value of an Opportunity?

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 7-9

  4. Basic Accounting and Interpretation of Financial Statements

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 11-15

  5. Revenue Cycle Management

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 17-23

  6. Contracts and Negotiation

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 25-28

  7. Restrictive Covenants and the Law

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 29-32

  8. Managing People

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 33-36

  9. Basic Personal Finance and Investing

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 37-42

  10. Organized Medicine

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 43-47

  11. Transitioning from Training to Private Practice

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 49-57

  12. Managing Student Debt

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 59-62

  13. Advanced Payment Models, MIPS and MACRA

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 63-66

  14. Physician Referrals

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 67-79

  15. Branding Your Medical Practice: How to Make Your Practice Distinctive and Unique or Branding Your Medical Practice-Going from Tap Water to Evian

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 81-87

  16. Legal Considerations in Hiring and Firing of Non-Physician

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 89-96

  17. Malpractice: What You Need to Know to Stay Out of Trouble

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 97-99

  18. Role of Mid-Level Providers

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 101-107

  19. Use of Technology

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 109-119

  20. Team Building for Healthcare Practices

    • Neil Baum, Marc J. Kahn, Jeffery Daigrepont
    Pages 121-125
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Keywords

About this book

Building on the foundation of the previous edition, this book takes readers to the next level of management of medical practices for the 21st century. The road to becoming a physician is not an easy one to travel, nor does it become easier once a doctor completes his\her training. After a long and arduous training process, doctors embark on their professional journey, and there are major crossroads that are fraught with challenges, unknowns and risk. The transition to professional practice is daunting, and many physicians leave their training unprepared for the business of medicine. Even at the peak of their careers, sustaining a successful and profitable practice is not easy. 


Opening chapters revisit the basic business concepts that every physician needs to know, emphasizing the benefits that accrue to a physician who understands the basics of business, from accounting and contracts to managing people and personal finances. The next set of chaptersoffers a roadmap for doctors who are beginning a medical practice and will include new methods and procedures that have become available since the original edition, defining the various options for doctors’ employment such as solo practice, group practice and academic medicine. The final chapters emphasize strategies on how to build and grow a successful practice, including the use of technology and telemedicine, cybersecurity, marketing and much more.



Unfortunately, not every doctor has the background, training and skills to manage a medical practice. The Business of Building and Managing a Healthcare Practice simplifies the process of business management and provides the practicing physician with knowledge to be able to enjoy the business component of his\her medical practice.

Authors and Affiliations

  • Urology, Tulane Medical Center, New Orleans, USA

    Neil Baum

  • Kirk Kerkorian School of Medicine, University of Nevada, Las Vegas, Las Vegas, USA

    Marc J. Kahn

  • The Coker Group, Alpharetta, USA

    Jeffery Daigrepont

About the authors

Neil Baum, MD, Department of Urology, Tulane Medical School, New Orleans, LA, USA


Marc J. Kahn, MD, Department of Medicine, University of Nevada - Las Vegas, Las Vegas, NV, USA


Jeffery Daigrepont, EFMP, The Coker Group, Alpharetta, GA, USA

Bibliographic Information

  • Book Title: The Business of Building and Managing a Healthcare Practice

  • Book Subtitle: Going Beyond the Basics

  • Authors: Neil Baum, Marc J. Kahn, Jeffery Daigrepont

  • DOI: https://doi.org/10.1007/978-3-031-37623-8

  • Publisher: Springer Cham

  • eBook Packages: Medicine, Medicine (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023

  • Softcover ISBN: 978-3-031-37622-1Published: 01 September 2023

  • eBook ISBN: 978-3-031-37623-8Published: 31 August 2023

  • Edition Number: 2

  • Number of Pages: XVIII, 267

  • Topics: Practice and Hospital Management, General Practice / Family Medicine, Health Administration

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