Success in Private Practice Success in Private Practice Marvin Berman, M.D. Truesdale Clinic Fall River, MA Professional PersonalFinancial Elements of Success Professional Success Patient Care Patient Care Consultative Consultative Endoscopic Endoscopic Peer Peer Personal Success Balance between Work and Home Balance between Work and Home Generation of Income Patients Work Charges Reimbursement Salary Patients Hospital Physician Office PatientPhysicianSelf Source of Patient Referrals Patients In pt procedures In pt consults In pt f/u Out pt consults Out pt f/u Direct Endoscopic Referrals Generation of Receipts WorkCharges Charge Entry Electronic Clearing House Demographics CPT ICD9 Insurance Insurance Co. $$ Billing Card Revenues and Expenses Professional Receipts Professional Receipts Expenses Expenses Net Income Net Income Automotive Expenses Employee Benefits Retirement Staff Payroll Professional Payroll Malpractice Insurance Rent Office Expense Key to Office Success Every Office Needs an Anne Medeiros as Office Manager Key to Practice Success