Practice Management 101: The Basics
Presented by:
Sufiyan Chaudhry, MD, MBA
Frank J. Chapman, MBA
Amy Doran, MD
Erica Natal, BSN, MHA, MBA
Barbara Tauscher, MHA, FACMPE
Hillary Tompkins, MD
Learn more about the Presenters
Description
The third essential module in the Early Career Practice Management Essentials Program series, Practice Management 101: The Basics covers principal topics in practice operations.
Learning Objectives
- Understand the workings of an employee contract
- Review four practice models to better understand options in unit settings
- Identify GI practice benchmarking key performance indicators essential to quality and efficiency in the ASC and clinic settings
- Learn basic components of the business side of operations
Contents
Module 1: Employment Contracts
- Overview of employment contracts and negotiating elements, letters of interest and intent
- Identify the requirements of a contract
Module: 2: Practice Models
- Independent Single Specialty
- Hospital/Health System – Owned Multi-Specialty Practice
- Clinician and Clinician Educator Tracks
- Physician equity-backed Multi-State Practice
- Understand four perspectives of practice models to gain a basic knowledge of these work settings
Module 3: GI Practice Benchmarking Key Performance Indicators
- Ambulatory Surgery Center
- Clinic
- Learn the different key performance indicators such as adenoma detection rate, cecal intubation rate and withdrawal times, that are benchmarked in the ASC and Clinic settings
Module 4: Basics of Finance
- Discuss a business plan, accounting techniques and pro forma as basic business techniques