Medical Practice Operations - Business Fundamentals 101 - 8 Module Webinar Series with Book-255193

255193 - Article 7

Pdf Summary

The document provided outlines a presentation focused on the fundamentals of medical practice operations, delivered as part of a Business Fundamentals course led by Jeffrey T. Gorke, the National Director of Physician Enterprise at Wipfli LLP. It is primarily an educational tool not intended as legal advice, with emphasis on the evolving nature of policies from the Centers for Medicare & Medicaid Services and private insurance entities.<br /><br />This session, part of a comprehensive series on various facets of healthcare business operations, highlights Module 5: Operations. It encompasses an overview of healthcare business operations, focusing on elements crucial for effective management such as the front desk, patient flow, finances, human resources, data analytics, and strategy. The presentation aims to impart foundational knowledge of healthcare business operations to its audience but remains a broad rather than a detailed exploration.<br /><br />Operational aspects such as revenue cycle efficiency, financial health, patient management, and staff roles are discussed as pivotal to practice management. Emphasis is placed on the critical role of front desk operations within the revenue cycle, influencing efficiencies and patient satisfaction.<br /><br />The financial aspect includes data on income statements, expenses, overhead discussions, and benchmarking data. Gorke advocates for leaders to consider benchmarking as a strategic tool to assess performance and drive improvements.<br /><br />Further, the presentation touches on leadership structures within healthcare settings and human resource management, noting legal considerations for hiring and maintaining employee standards and safety.<br /><br />The presentation encourages attendees to submit questions for continued learning, set to be addressed in a subsequent module. Overall, the content serves as a primer for healthcare practitioners and administrators, offering insights into optimizing operational strategies in medical practice environments.

Keywords

medical practice operations

healthcare business

Jeffrey T. Gorke

Wipfli LLP

Centers for Medicare & Medicaid Services

revenue cycle efficiency

financial health

benchmarking

human resources

patient management