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Practice Management Advice
Help and advice on running a successful practice, from the experts at the American Academy of Ophthalmic Executives. Articles featured in the AAOE's Practice Management Express email newsletter.
1-20 of 404 results
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What a Pandemic Teaches Ophthalmic Practice Leaders and Administrators (Part 1 of 3)

MAY 12, 2021 By Gary S Schwartz MD, Daniel Zismer, PHD in Managing Your Practice, Practice Ownership, Practice Operations, Coronavirus, Financial Management

In Part 1 of this three-part series, Gary S. Schwartz, MD, MHA and Daniel K. Zismer, PhD, outline three business strategies that ophthalmic practices should consider as a safeguard against future pandemics or major shocks to the economy.

Comments 0

Views 0

CMS Offers Accelerated Payments for Healthcare Providers

MAY 12, 2021 in Billing, Regulatory

CMS announced March 28 that it will accelerate advanced Medicare payments available to physicians and other healthcare providers due to the effects of the COVID-19 pandemic.

Comments 0

Views 5304

Provider Relief Fund: Physicians and COVID-19 Grants

MAY 12, 2021 in Coronavirus

The quick disbursal of $30 billion in relief funds from the Department of Health and Human Services will aid providers in areas heavily impacted by the COVID-19 pandemic and those who are struggling to keep their doors open due to healthy patients delaying care and practices…

Comments 0

Views 8132

Paycheck Protection Program for COVID-19

MAY 12, 2021 in Financial Management, Coronavirus, Practice Operations

Congress passed a new COVID-19 relief package that reopened and expanded the Paycheck Protection Program (PPP) originally launched to help struggling small businesses weather the pandemic.

Comments 0

Views 19510

The Rise, Fall … and Rise of Private Equity and Corporatization

MAY 07, 2021 in Practice Ownership, Practice Operations, Buying, Selling, Merging Practices

We review trends in the structure of eye care delivery, including private equity and alternatives to private equity.

Comments 0

Views 52

Closing Your Private Equity Transaction Without Thinking Through Your Real Estate (Part 4 of 5)

APR 30, 2021 By Collin Hart in Practice Operations, Practice Ownership, Buying, Selling, Merging Practices

In Part 4 of a five-part series, Collin Hart, MBA, CEO and managing director of ERE Healthcare Real Estate Advisors, highlights two less than ideal scenarios where practices sold to private equity, but failed to think through the implications on their practice real estate.

Comments 0

Views 84

Office Equipment: Should You Buy or Lease?

APR 29, 2021 By Bob Padula in Practice Operations, Managing Your Practice, Practice Ownership, Financial Management

Bob Padula offers tips for serious consideration before you choose to either buy or lease practice equipment.

Comments 0

Views 56

The Resilient Practice: Positioning the Practice for Success Post-COVID-19

APR 26, 2021 in Strategic Planning, Lean Management, Practice Operations, Staff Management, Coronavirus

Resources to help practice leaders develop effective leadership skills and provide guidance on the most crucial recovery strategies.

Comments 0

Views 1807

It’s Your Money: 5 More Ways to Ensure You Get All of It All the Time (Part 2 of 2)

APR 15, 2021 By Farida Chowdhury in Managing Your Practice, Practice Operations, Financial Management, Practice Ownership, Billing

In part two of a two-part series, AAOE member Farida Chowdhury, OCSR, the CEO of Medical Billing Strategies, provides more essential tips for improving your practice’s bottom line.

Comments 0

Views 169

It’s Your Money: 5 Ways to Ensure You Get All of It All the Time (Part 1 of 2)

APR 06, 2021 By Farida Chowdhury in Managing Your Practice, Billing, Practice Ownership, Financial Management, Practice Operations

In part one of a two-part series, AAOE member Farida Chowdhury, OCSR, the CEO of Medical Billing Strategies, provides essential tips for improving your practice’s bottom line.

Comments 0

Views 238

Viewpoint: 5 Tips for New Ophthalmologists — Practical Advice From an Expert Practice Administrator

APR 06, 2021 By Heather Modjesky, COE in Viewpoint, Professional Growth, Managing Your Practice

Heather Modjesky, COE, chief administrative officer at Conestoga Eye in Lancaster, Pa., outlines her top tips for new physicians coming into the practice.

Comments 0

Views 287

Success Factors in Selling an Ophthalmology Practice

MAR 19, 2021 By David J. Mandell, JD, MBA in Financial Management, Strategic Planning, Managing Your Practice, Practice Ownership, Buying, Selling, Merging Practices

You may be considering the option to either sell or merge into larger practices. David Mandell offers four success factors to consider before making such a move.

Comments 0

Views 234

Equipment Corner: Why Caring for Your Equipment is a Winning Investment Strategy (Part 2 of 2)

FEB 17, 2021 By Jim Hamlett in Managing Your Practice, Practice Ownership, Practice Operations, Financial Management

The care and maintenance of your equipment cannot be overstated. By diligently keeping up your equipment, you can not only maintain the value of the equipment but also save the hard-earned dollars invested by your practice.

Comments 0

Views 163

The New and Expanded Employee Retention Credit

FEB 12, 2021 By Carole C Foos, CPA in Practice Operations, Regulatory, Managing Your Practice, Financial Management, Coronavirus

The passage of the Consolidated Appropriations Act of 2021 took a good thing and made it better as it relates to the employee retention credit (ERC).

Comments 0

Views 332

Tips on Landing Your First Job as an Ophthalmologist

FEB 10, 2021 By Jill Maher, COE, MA in Professional Growth, Contracts, Managing Your Practice, Coronavirus, Practice Operations

Making the right decision can be a daunting task when assessing job opportunities. AAOE reached out to Jill Maher, MA, COE principal consultant and owner of Maher Medical Practice Consulting, to get her views on how practice hiring has changed during the pandemic. Maher has…

Comments 0

Views 268

PPP Loans and Taxes

FEB 09, 2021 in Coronavirus, Practice Operations, Financial Management

The Paycheck Protection Program (PPP) has provided financial support for many small businesses in America, including ophthalmology practices. But as tax season approaches, practices are researching the possible impact of these loans on their bottom line.

Comments 0

Views 377

Connect Your Low-Vision Patients With Free Support Services from Hadley

FEB 01, 2021 By Jill Maher, MA, COE, Joan Jaeger, MA, MBA in Patient Satisfaction, Coronavirus, Referrals

Jill Maher, MA, COE and Joan Jaeger, MA, MBA share information about Hadley, an invaluable free resource for patients struggling with visual impairment who have no support during the coronavirus pandemic.

Comments 0

Views 247

Equipment Corner: 5 Tips to Effectively Manage Your Practice Equipment Assets (Part 1 of 2)

JAN 19, 2021 By Jim Hamlett in Practice Operations, Managing Your Practice, Financial Management

The constant influx of new technology greatly impacts your practice assets. As new equipment comes on the market, previously purchased equipment can become outmoded all too soon.

Comments 0

Views 176

Preparing for a Real Estate Sale While Closing Your Private Equity Transaction (Part 3 of 5)

OCT 27, 2020 By Collin Hart in Practice Ownership, Practice Operations, Buying, Selling, Merging Practices

In Part 3 of a five-part series, Collin Hart, MBA, CEO and managing director of ERE Healthcare Real Estate Advisors, highlights the success of Gainesville Eye Associates and Eye Centers of North Florida. Both practices benefitted from preparing for a real estate sale while s…

Comments 0

Views 168

Negotiate Vendor Contracts to Boost COVID-19 Recovery

SEP 24, 2020 in Practice Operations, Contracts, Coronavirus, Strategic Planning

As ophthalmic practices continue down the road to recovery, focusing on overhead and improving the bottom line is a priority. Many strategies for efficiency can reduce overhead along with revisiting all practice expenses. Negotiating vendor contracts and requesting reduced c…

Comments 0

Views 199

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