2009 AAOS Practice Management Symposium
7
2009 AAOS 2009 AAOS Practice Management Practice Management Symposium Symposium February 24, 2009 February 24, 2009 Las Vegas Las Vegas
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As presented by Dr. Tom Grogan for OrthoInside. Attend the 2009 AAOS Practice Management Symposium February 24th, 2009. More info can be found at http://www.orthoinside.com
Transcript of 2009 AAOS Practice Management Symposium
2009 AAOS2009 AAOSPractice Management Practice Management
SymposiumSymposium
February 24, 2009February 24, 2009
Las VegasLas Vegas
Private Practice Private Practice “Survival Manual”“Survival Manual”
• Challenges for 2009 and beyond:Challenges for 2009 and beyond:– Declining ReimbursementsDeclining Reimbursements– Soaring Practice ExpensesSoaring Practice Expenses– Emerging TechnologiesEmerging Technologies– Relative Physician ShortageRelative Physician Shortage– Increasing Government InterferenceIncreasing Government Interference– Strained Hospital RelationshipsStrained Hospital Relationships– New Demands on Re-certificationNew Demands on Re-certification– Disappearing Role ModelsDisappearing Role Models
Private Practice Private Practice “Survival Manual”“Survival Manual”
• Opportunities for the future:Opportunities for the future:– Developing New Sources of Ancillary Developing New Sources of Ancillary
IncomeIncome– Controlling Costs, Maintain QualityControlling Costs, Maintain Quality– Building a Digital PracticeBuilding a Digital Practice– Effective Contract ManagementEffective Contract Management– Effective Practice BuildingEffective Practice Building– Promoting Strategic AlliancesPromoting Strategic Alliances– Planning for the Practice of the FuturePlanning for the Practice of the Future
Private Practice Private Practice “Survival Manual”“Survival Manual”
• Education is the KeyEducation is the Key– Understand the challenges, deal with Understand the challenges, deal with
them effectivelythem effectively– Evolve your practice to be more Evolve your practice to be more
successful now, even better in the future successful now, even better in the future
• Learn from the experience of othersLearn from the experience of others– How to adopt effective strategiesHow to adopt effective strategies– What to avoidWhat to avoid
Private Practice Private Practice “Survival Manual”“Survival Manual”
• It’s All About the AncillariesIt’s All About the Ancillaries– What works, what doesn’tWhat works, what doesn’t
• Take Home LessonTake Home Lesson– Drop your overhead 5%Drop your overhead 5%– Increase Revenue 10%Increase Revenue 10%– Increase your W2 - 20%Increase your W2 - 20%
• What’s Said in Vegas, What’s Said in Vegas, Can’tCan’t stay in stay in VegasVegas
AAOSAAOSPractice Management Practice Management
SymposiumSymposiumFebruary 24 - Las VegasFebruary 24 - Las Vegas
It’s Just About Your Practice LifeIt’s Just About Your Practice Life
See You ThereSee You There
