Category : Management
Featured Client: Elemental Eyecare
Our featured client this month is Elemental Eyecare right here in Bend, Oregon. Dr. Gabby Marshall and her staff provide their pediatric optometry patients with a unique experience built especially for growing eyes. With a combination of vision therapy, ongoing eye examinations, and a selection of way cool glasses for kids, Elemental is a special clinic we’re proud to represent! I interviewed Dr. Marshall a few weeks ago, and she has lots of information for…
Vantage Clinical Solutions principal and clients highlighted in PT in Motion magazine
Improving healthcare through entrepreneurship speaks to the core mission of Vantage Clinical Solutions. Our mission is focused on providing solutions which foster an entrepreneurial spirit within the healthcare arena in order to support the success of businesses with a healthcare focus.
An article in the June 2011 edition of PT in Motion, titled “Good Business: When it comes to the business of physical therapy, a little analysis can go a long way,” by Chris…
Upcoming Seminar: Finance 101 for PT’s: Understanding and Using Basic Financial Statements in Physical Therapy | February 10, 2011
PT’s in administrative, ownership, and program development roles are often required to decipher information found within the balance sheet and income statement (P&L) of a private practice or rehabilitation department. The PT’s ability to understand these common statements is critical to making important business decisions as well as to comprehending the true financial status of a business or organizational unit.
In the upcoming seminar, “Finance 101 for PT’s: Understanding and Using Basic Financial…
Vantage principal quoted in PT in Motion magazine
Tannus Quatre PT, MBA was quoted in an article in the May 2010 issue of the publication, PT in Motion. The article, titled “Contemporary Topics in Health Care: Data Mining,” quoted Mr. Quatre with regard to the use of data mining by physical therapists.
See an excerpt from the article below:
Tannus Quatre, PT, MBA, principal and consultant for Vantage Clinical Solutions, Inc., believes data mining is helping the practice of physical therapy.
…
Productivity Question
The following is a Q&A with a seminar attendee (CSM 2010, San Diego, CA) on the topic of productivity:
Q: On the financial production assumptions, my productivity is showing 236%. What does this mean?
A: Productivity is defined in this model as billed hours divided by total hours worked. If a PT bills out 4 hours in a day and worked 8, they would have a productivity of 50% for that day (4/8 = 50%).…
Breakeven analysis for medical practices
For those starting a new medical practice, program or medical service, knowing at what point your investment will “break even” is important to determining whether or not the venture will be economically feasible. The breakeven analysis provides medical practice owners with valuable information with regard to the production and time factors involved with starting a new medical practice, program or service.
Here is a link to a free breakeven analysis calculator…
Medical practice management 101: Budgeting
Creating a medical practice budget is one of the most important elements of running a profitable physician practice, doctor’s office, or physical therapy clinic. The medical practice budget provides physicians, office managers and administrators with a gauge from which financial performance can be measured and operational issues identified.
There are many ways to create a medical practice budget, however our firm often recommends use of a budgeting format which clearly distinguishes those revenues…
Medical practice management 101: Scalability
In this new series on The Healthcare Entrepreneur Blog, we’ll be taking a look at a number of medical practice management concepts that medical practice managers, administrators, and clinic owners should consider as part of their planning and day-to-day management. The principles we’ll be outlining as part of the Medical Practice 101 series are applicable to all types of medical practices including general medicine, the surgical specialties, and rehabilitation services such…
Physician office sends patient data to wrong fax number…for 3 years
A Tennessee physician practice apparently sent out hundreds of faxes to a wrong fax number, breaching the privacy of likely hundreds of patients over the course of 3 years. Lots of questions about this one, like the obvious one: why wasn’t this remedied after the first error?
This is a huge HIPAA violation, and should serve as a reminder to make sure procedures are in place to verify and cross-check fax numbers and all other…
Healthcare in the future…a scenario worth striving for?
What would the future of healthcare look like if we could connect provider and patient using technology on an even greater level than we currently do? What if patients were more engaged in their own care through increased access to their personal records? What if providers allowed for greater collaboration between themselves and their patients when making decisions? What if patient ‘consumerism’ was the norm? What if patients actually started taking care of themselves? These…
