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Medical practice technologies are rapidly moving to the Internet, or “cloud”.  Specifically, nearly all Electronic Health Record (EHR) and Practice Management (PM) applications are now delivered via the Internet.  Other medical practice technologies are also moving in the same direction, such as telemedicine and remote monitoring applications as well as Picture Archiving and Communications Systems […]

With a typical day packed with new consults, procedures and patient follow-ups, it is no surprise that most physicians have little time to focus on the details of running a successful vein practice. Understanding your KPIs and comparing them to previous months, enables you to make strategic decisions and plan for the future. Introducing operational analytics into your

This article is the first in our multi-part series in which we take an in-depth look at the analytics required to determine whether you should consider adding an office-based lab (OBL) to your existing practice.  Overview As practice reimbursement continues to remain stagnant or decline, many vein and vascular practices are considering their options to

It’s hard to deny that it is becoming increasingly challenging to be an independent practice. Increasing regulations and decreasing reimbursements are putting a financial strain on independent practices. While the current climate of practice mergers and acquisitions might be shaking up the vein and vascular space, it could also represent an opportunity for you and your

Telemedicine is the use of telecommunication technology and information technology to provide clinical services to patients without an in-person visit. In order to get the most out of telemedicine, it’s important to recognize the wide range of services that can be delivered remotely. Advances in telemedicine have made it possible for vascular specialists to quickly

We have found that patient-centered vein practices enjoy a stable, growing base of loyal patients who are excellent sources of referrals, and who willingly pay their bills on time. Patient-centered practices are measurably more profitable. And quite frankly, when everyone within the practice is clear about the focus, a patient-centered practice is simply a much

Vein care is a low volume … high margin specialty. What I mean by that is you see a smaller number of patients than a primary care practice in a given day, but your average revenue per patient treated is significantly higher. While some vein practices are better than others at converting telephone inquiries into

What makes a medical practice exceptionally good at what it does? How does it stand out from the competition and attract top talent? Great clinical care, solid strategic plans, and exceptional employees all make a difference, but what top notch medical practices have that mediocre practices lack is a culture of excellence – beliefs and

What makes a medical practice exceptionally good at what it does? How does it stand out from the competition and attract top talent? Great clinical care, solid strategic plans, and exceptional employees all make a difference – but what top practices have that mediocre practices lack is a culture of excellence – beliefs and behaviors

When it comes to selling a vascular or endovascular practice, you must be prepared to present your best to a buyer … explain why you stand apart from your competition, how you have been profitable and will continue to be post-acquisition, and why your practice is poised for additional growth.  Given the challenges of medical practices