Medical practices are faced with cash flow issues every day, leaving them vulnerable to significant revenue loss. In fact, according to a recent study from the National Center for Health Statistics, roughly one fourth of U.S. families have an unpaid medical bill, and 10 percent of families have a medical bill they can’t afford to pay. In a landscape characterized by high deductible plans and decreasing reimbursements, managing cash flow can be an arduous task, and if not done well, can be detrimental to a practice.
As part of our ongoing continuing medical education (CME) series, the Risk Management Team has developed a new webinar to help physicians and practice leaders make their businesses as profitable as possible with tips to minimize expense and maximize revenue. The webinar is led by Cameron M. Cox, III, President and CEO of MSOC Health and member of Medical Mutual’s external counsel network. Cox has extensive experience providing physicians with business advice to enhance the profitability of small independent medical practices.
During this educational webinar, participants can expect to learn the following:
- How to define revenues and expenses within a practice, inclusive of how shifts in each affect the overall business
- The impact organizational factors have on profitability
- The primary sources of revenue impact
- New strategies to consider for increased practice profitability
The webinar can be accessed here: “Managing Expense and Revenue in Today’s Medical Practice.” Members will need to login to view the webinar and can claim CME credit after completing a post-webinar test and evaluation.
Our additional CME-eligible webinars are available here: https://www.medicalmutualgroup.com/rm-webinars.
Curiis accredited by the Accreditation Council for Continuing Medical Education to provide continuing medical education for physicians.
For more information about the accreditation of this program, please contact our CME Team at 800.662.7917 or at CMETeam@mmicnc.com.
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