Practice Management

Work is a place where people go to get a job done. Hopefully, they like it. Jobs don't exist (primarily) for personal growth, although good employers provide a positive environment for employee development. Smart employers invest in the development of their employees - - the team. That includes honoring diversity. Employers also must keep the business healthy; their employees are hired to do a job. How can employers do both?

The average U.S. company loses 7% of its annual revenue to fraud, with the median fraud loss for all businesses at $175,000, and the median fraud loss for small businesses at $200,000. In fact, private companies have the highest incidence of fraud (39.1%), with public companies coming in at second (28.4%), according to the Association of Certified Fraud Examiners' (ACFE) 2008 Report to the Nation on Occupational Fraud and Abuse.

Do you embrace technology or shy away from it? Technology should not be a dirty word but instead a helpful tool to drive your practice to its next level of excellence. By technology, I am referring to web sites, electronic medical records (paperless practice), email reminders, internet shop sites and yes, even the purchase of new equipment such as digital radiology or a surgical laser. Is it all worth it? Will it make a difference in your practice?