Archive for 'Business of Medicine' Category

Malpractice Suits – What Medical Students Can Expect

Data from the American Medical Association’s 2007-2008 Physician Practice Information survey: 42.2 percent of physicians surveyed over the 2007 to 2008 field period had a medical liability claim filed against them at some point in their career. 15% of the physicians under age 40 and 60.5% of physicians over age 55 reported claims. Before they [...]

Developing an Approach to Patient Handoffs

Pauline W. Chen, M.D. I worry that I am playing some real-life medical version of the children’s game “Telephone” where the complexity of my patient’s care will be watered down, misinterpreted and possibly mangled with each re-telling. While older patients with multiple chronic conditions will see up to 16 doctors a year, some of the [...]

Starting a Practice

Medical practice is a business and start-up is start-up. The most important factors are access to capital, type of business, competition, and payer mix. Business that start-out with less than $5000 cash will usually fail in the first year, while those that have access to $100,000 or greater, will most likely live beyond their one [...]