Factors to Consider When Deciding Whether or Not to Start a Private Practice

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Factors to Consider When Deciding Whether or Not to Start a Private Practice

Starting a private practice can be a very lucrative decision for doctors, but it is not without its risks. Before you take the plunge and open your own practice, it is important to consider all of the factors that will affect your decision. Here we will discuss 10 factors that you should take into account when making your decision. By weighing the pros and cons of private practice, you can make an informed choice about whether or not to start your own business!

Healthcare Management Companies: Why They’re Essential for Hospitals and Physicians

Healthcare management company

If you’re a hospital administrator or a physician, you know that keeping up with the ever-changing healthcare landscape can be difficult. There are new regulations to comply with, new technology to learn, and new ways of doing things. That’s where healthcare management companies come in. They offer expertise and support so that hospitals and physicians can focus on providing quality care to their patients. In this blog post, we’ll discuss the benefits of using a healthcare management company and why they’re essential for today’s hospitals and physicians.

The Art of Persuasion: Control the Negotiation Before it Begins

You cannot be among the best leaders without mastering the art of persuasion; yes, it’s an ART! Some of us have it naturally – looking at these masters doing their magic is impressive, the charisma of convincing others to do as they ask. The frustrating part is that this skill is difficult to teach or pass on to your team; these masters are far better at doing it than explaining it. As executives, we know this frustration, so what do we do? How do you get everyone in your team to master this art?

Strategy & Execution Challenges for CEOs

Strategy & Execution Challenges for CEOs

NCP Management’s latest venture was the recent acquisition of the Houston Heights Hospital. It was a large financial, physical, and mental undertaking. We went into it with a vision and a goal. We set 90 to 120 days to get this new hospital open and operational. Now we’re reflecting on the last 4 months of our road to opening. We’re taking a deeper look into what worked and what needed improvement. We can now learn from our mistakes to better streamline our future ventures. And most importantly we’re enjoying the success without losing focus of our ultimate goal.

Industry Analysis – Micro Hospitals

Industry Analysis – Micro Hospitals

Industry analysis is a tool that facilitates a company’s understanding of its position relative to other companies that produce similar products or services. Through this analysis, the strengths, weaknesses, opportunities and threats of a company can be identified.

Let’s take a closer look into micro hospitals. We’ll go over a quick industry analysis looking at the five competitive forces in the hospital industry such as threats, weaknesses and overall position in relation to the competition and profit potential.

Human Resource Management & Team building

Human Resource Management & Team building 

Human resource management is the strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer’s strategic objectives.

Developing a strong human resource management team can significantly increase overall employee satisfaction and in return greatly increase patient and customer satisfaction.

Let’s dive into how you can properly get your management and team on track for success.

Understanding The Cost of Operating a Micro-Hospital

Micro-hospitals constitute a rising trend that shows signs of taking over the healthcare industry, 30,000 to 60,000-square foot spaces that offer a wide range of medical services in a small, neighborhood setting. Just like a regular Hospital they run 24/7, all year long, and commonly have between 10 – 20 beds where patients can be observed or admitted for a short stay. With as low as $10 – $15 Million initial cost, it has come within the reach of many healthcare entrepreneurs.

Rules To Follow When Planning Acquisition

Rules To Follow When Planning Acquisition

Acquisitions have previously been considered a sign a weakness. In fact studies have shown that a majority of acquisitions are failures. So why do we still do it? A few reasons we might want to acquire is, instant expansion and organic growth. While these processes may be slow, if done correctly you can easily see success.