Exit Strategies for Senior Residents-Office Management

Video Transcription

Video Summary

In this video, the speaker discusses the importance of managing a medical practice efficiently. They emphasize that running a practice requires treating it as a business, even though it is also a place where patient care is provided. The speaker advises having a strategic plan and regularly monitoring financial performance. They stress the importance of communication, allowing managers to manage, and avoiding micromanagement. Additionally, the speaker discusses various factors to consider in managing a practice, such as revenue, expenses, patient access, reputation, alternative income sources, and personnel costs. They also mention the significance of networking with referral sources and building a good reputation. Finally, the speaker emphasizes the importance of setting goals and aligning them with values and beliefs.

Asset Subtitle

Presented by James R. Bean, MD, FAANS

Keywords

medical practice

efficiency

business

patient care

strategic plan