Bottom line is good management

Article Abstract:

Thirteen surveyed multispecialty medical groups have shown that sticking to sound business principles pays off with above average revenues and below average costs. The practices were diverse in terms of size, patient type, and geographic location, but all had strong business and financial management. The groups made use of formal strategic planning, fostered a cooperative internal culture, invested in computers and quality control, paid physicians appropriately, and emphasized customer service.

Health Care, Health Care and Social Assistance, HEALTH SERVICES, Management, Medical care, Medical corporations

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Thriving in a fee-for-service realm

Article Abstract:

Ardmore, OK's Medical Arts Clinic made the Medical Group Management Assn's 'Best Practices' list for 1997, the second year in a row. There are over 350 multispecialty groups examined each year with only 13 making the list in 1996 and only 17 made the list in 1997. Practices that have provide physicians with a better than average compensation while keeping nonsurgical patient care believe the average cost make the list.

All Other Outpatient Care Centers, Offices & clinics of medical doctors, Neighborhood Health Centers, Health aspects, Evaluation, Health care industry, Ambulatory care facilities, Community health services, Clinics, Ardmore, Oklahoma

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Reform n 1: a change in form; removing faults and abuses 2: a new way to get paid

Article Abstract:

Medicare has affected the language as well as the healthcare system. A complete list of medical care terminology used by government and private payers is presented. The glossary includes definitions beginning with actual charge and adjusted average per capita cost and ends with unbundle and upcode.

Admin. of social & manpower programs, Terminology, Health care reform, Medicare, Glossary

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