In search of the best location; finding an office is now a more complex process

Article Abstract:

Being aware of the demographics of an area is becoming more important for doctors when choosing where to locate their medical offices. While rental price may be a factor, choosing an area based on growth rate and composition may be more important in attracting patients. General care physicians should consider moving into areas with high growth rates while gerontologist and orthopedic surgeons should chose neighborhoods with older populations. Furthermore, some medical practices should be located near hospitals while others may profit more from locations in residential areas.

Medicine, Location, Medical practice

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Beyond billing: your office computer can now store medical records as new software comes online

Article Abstract:

Only 1% of physicians store patient records on a computer, but many more may switch to computers because of pending legislation requiring Medicare claims to be filed electronically by 1994. The cost of programs designed for physicians' practices is dropping. The Clinicalogic program costs an average of $3,995 per solo practice; a billing system costs $1,000 more. Physicians say that such systems aid them in billing and in quickly locating patient files. The systems maintain a patient's history, diagnoses and treatments, and keep track of charges.

Technology application

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Handling practice finances: how active a role should a physician take in day-to-day accounting?

Article Abstract:

Many physicians prefer to handle the financial details of their practice personally, to keep abreast of the business of running their offices. However, even physicians who do this employ accountants to prepare quarterly statements and tax records. Consultants advise doctors to divide their time and attention equably between the practice of medicine and financial management. Suggestions are included for management methods.

Finance, Accounting and auditing

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