June 4th 2025
Market pullbacks tempt investors to time the market, but history shows staying invested beats guessing the highs and lows—time > timing.
Beware significant increase in bad debt during tough economic times
March 1st 2010The new decade started out to be challenging, frustrating and concerning for everyone. Whatever the future brings, it is evident that physicians who want to remain profitable and avoid decreases in their practice revenues must be proactive.
If you're running behind, try these tactics to get back in the groove
March 1st 2010There's nothing more frustrating to patients and staff than a dermatologist who constantly runs behind. Running behind is a vicious cycle; until you root out its causes and take action, everyone - including you - will be miserable.
Online physician rankings can boost, harm a practice
March 1st 2010Love or loathe them, public Web sites that let patients rate their physicians aren't going away, experts say. Making these sites work for you rather than against you requires ongoing vigilance, broad-based patient participation and - for some physicians - patient contracts, they add.
Derms discuss how economy impacts their practices' growth
February 3rd 2010We asked a number of doctors around the country whether they are adding procedures, therapies or equipment to their practices this year, and how those plans are being impacted by economic conditions. While some dermatologists are being cautious, others are actually using the economic challenges to plan for the future of their businesses.
Government outlines objectives for electronic health record incentive program
February 3rd 2010Dermatologists are one step closer to understanding how to access the electronic health record (EHR) incentive payments promised in the federal American Recovery and Reinvestment Act (ARRA). Enacted in February 2009, ARRA provides incentives for physicians who demonstrate "meaningful" use of a certified EHR system.
Editorial: Is defensive medicine a good practice?
January 1st 2010Recently, a 27-year-old woman consulted me about hair loss of several years' duration. She was in otherwise good health, and she proved this by showing me an impressive list of perfectly normal laboratory results indicating, among other things, that she did not have anemia or thyroid disease.
Avoid personnel problems by putting a dress code policy in place
January 1st 2010With all of the talk about the government's EMR stimulus package, new CPT codes, and the impact of the turbulent economy, you wouldn't pick dress codes as a big concern for medical practices. But as the newest generation entering the work force starts filling positions at your dermatology practice, it won't be long before you, too, may need to establish - or update - your practice's dress code.
Advisers' earnings: How do those you trust with your finances make their own living?
December 1st 2009The entire financial world was turned upside down during the years 2008 and 2009. Investors, executives, employees and the general public are left wondering, "Whom can I trust?" and "How will all these changes affect me?"
Patient statements: It's time to overhaul your decades-old collections strategies
December 1st 2009Physicians' efforts to collect from patients are exponentially better nowadays, but patient statements haven't changed in decades: a slip of paper is popped into an envelope and mailed every 30 days. In this volatile, changing economy, it's time to overhaul your dermatology practice's approach to patient statements.
Advisers' earnings: How do those you trust with your finances make their own living?
December 1st 2009The entire financial world was turned upside down during the years 2008 and 2009. Investors, executives, employees and the general public are left wondering, "Whom can I trust?" and "How will all these changes affect me?"
Patient statements: It's time to overhaul your decades-old collections strategies
December 1st 2009Physicians' efforts to collect from patients are exponentially better nowadays, but patient statements haven't changed in decades: a slip of paper is popped into an envelope and mailed every 30 days. In this volatile, changing economy, it's time to overhaul your dermatology practice's approach to patient statements.
Reform's ramifications: Will Congress' current emphasis on primary care help, or hurt, specialists?
December 1st 2009In healthcare reform discussions, there is an emphasis on primary care. We wondered what dermatologists think of this, and whether this could diminish specialty practices and/or impact patient care.
Payer contracting: Learn effective ways to tip the scales in favor of your practice
November 1st 2009Looking for ways to reverse your dermatology practice's declining reimbursements, but don't know where to start? Try going to the source, or rather, sources - the terms of your payer contracts, that is. This article suggests some key items to seek in your next contract.
Group practice pitfalls: New financial threats demand more protection for your wealth
November 1st 2009If you think medicine is a difficult business today, you are about to face your largest financial challenge ever. There is an approaching confluence of events that could have a significant financial impact on most doctors, unless you do something to protect yourself.
Crash course: Seasoned derms offer 'newbies' advice on the business side of medicine
November 1st 2009Are dermatologists coming out of residencies prepared for dealing with the challenges of running a practice? We asked dermatologists around the country if they think young physicians are prepared to make business decisions.
Getting the red out: A focused, strategic approach will keep you 'in the black'
September 1st 2009Neither being on the brink of major health reform nor living through the tumultuous economy will give you any relief from the challenges to your dermatology practice's bottom line. As employers continue to push more financial responsibility to employees, the ranks of the uninsured surge daily,
Destroying benign lesions: Are you getting your money's worth?
September 1st 2009Next to biopsies and the destruction of premalignant lesions, the third most common bread-and-butter service for dermatologists is the destruction of benign lesions (CPT codes 17110 and 17111). In this article, we will discuss the proper use of these codes, rules that govern their use and bundling issues
Practice efficiency: Streamline patient flow with effective office strategies
August 1st 2009Efficient patient flow makes wise business sense - there's no CPT code for the time you spend waiting to talk to the nurse, or idling while a patient is being roomed. Eliminate this non-productive, non-reimbursable time by streamlining your workflow.