Eliminating Healthcare Wastes
Last week we went over the 8 Hidden Wastes in Healthcare, as identified by lean principles. Now let us see how we can eliminate those rampant wastes in our healthcare…
The 8 Hidden Wastes in Healthcare
8 KINDS OF WASTE We've talked earlier about how Lean process aims to deliver perfect value with zero waste. Lean principles identify 8 kinds of waste- and the goal is…
Lean Innovation in Healthcare
The Lean Enterprise Institute defines lean as "a way of thinking about creating needed value with fewer resources and less waste." Lean practice is all about constantly innovating to achieve…
The Hidden Value: Why Patient Charts and Goodwill Matter in Medical Practice Valuation
Why do patient charts and goodwill not have any role in the valuation of a practice any more? I know what the narrative is.... Because patients can go anywhere, they're…
Of HMOs and PPOs
In the first year of my lean practice, I was denied payment for 8 visits. Not a bad number overall. But 6 of those were because I did not know…
Life Lessons from Private Practice
I was just talking to a dear friend who's starting up her own solo practice and finding out for herself the roller-coaster ride that this journey is. She may not…
Understanding Medicare
I know, I know, you're not 65 yet, and don't plan to be for a long time. But if you're a physician in the United States treating adult patients, chances…
A Guide To Building Your Practice Website Cost Effectively
Today's post, A Guide To Building Your Practice Website Cost Effectively is a guest post from Nina Litovsky: a sponsor of this blog and owner and founder of web designer…
Home Office Deduction: A Tax Break for Doctors
In running my lean private practice, I use a shared workspace. This cuts down my expenses considerably. But I use the shared workspace only to see patients. I do all…
How to Buy Malpractice Insurance
This post first appeared on the White Coat Investor blog. A few years back, when I was first starting my locums gigs, I went through the process of buying malpractice…
Why I Started a Lean Private Practice
The year was 2020. The COVID-19 pandemic was raging and the world had all but stopped. That was the year I started my solo micropractice. This is the story of…
How I Started Private Practice for $1200
One of the barriers to entry in private practice is the high start-up cost. Office space, EMR and supplies can easily end up in tens, if not hundreds of thousands…