Improve Your Medical Practice’s Health
The 19th century physician William Osler wrote, The practice of medicine is an art, not a trade; a calling, not a business; a calling. If he were practicing today, he might concede that you cant practice your art if your practice is not an effective business. Unlike other business models, a medical practice has limited power over prices yet operational costs constantly rise. This economic pinch affects small practices the most, so what can be done?