Assignment:
Assignment Details: The Physician Practice Business Plan is a continuous document to focus on a practice business strategy, developed and written by each student in Sessions 2, 4 and 6. A portion of the Physician Business Plan is written during these weeks. The HEADINGS for each assignment originate from the assigned reading from the textbook. Minimum 6 pages in length in Sessions 2, 4 and 6 excluding title, table of content and references pages with 5-7 scholarly peer-reviewed references. The textbook is not considered a peer-reviewed reference. The title page is first and it will be followed by the Table of Content. Each weekly paper will follow APA format and standards.
Final Research Paper - Develop Physician Practice Business Plan for your Medical Group. As the practice leader, write a Physician Practice Business Plan 3. Provide a Continuous Table of Content. Discuss the below areas this week as part of your Physician Practice Business Plan:
Use these headings in your paper:
Identified Physician Compliance Risk Area - Coding and Billing: Which risk areas are you most concerned about? Why? What can be done to minimize it?
Human Resources and Staffing Practices - Employees handbook - discuss your top important 5 employee office policies. Why is each one important?
Social Media/Marketing Efforts to Recruit Employees, Physicians and Patients/Staying Ahead of Competitors
Internal Cost-Cutting Measures Implemented
Expansion Efforts (e.g. new product and services)
Financial Plan (Bank loans, lease, mortgage, cash flow, etc)
Future Goals/Implementation Plan/EDC graph (Example: Future Goal/Implementation Plan: After opening your practice; here is an example of something you may want to get done within the next year - keep it on your "radar" after opening your practice). Set it up this way:
Task
Post announcement to hire NP
Interview candidates for NP position
Hire NP candidate to fill position