The business side of medicine

A lot of ink has been spilt about physicians morphing into save businessmen. There are patients complaining, and crying foul about doctors who hardly have enough time to talk to them. But physicians have a reason to complain too. They feel that the deck is staked against them, and would give an arm and a leg to avoid administrative and financial hassles.

“They didn’t teach this at medical school!”

Is the common rant of physicians who are taught precious little about business management at medical school. Reality can be a lot different the minute they leave campus. Only someone with keen business acumen, and a way with numbers, can survive in today’s medical landscape. There are a lot of medical experts who feel teaching the business components of medicine, should be a part of the syllabus.

“The practice of medicine is an art, not a trade; a calling, not a business; a calling in which your heart will be exercised equally with your head.” — William Osler

But clearly a lot has changed over the years. The healthcare industry is a huge business, and physicians have the choice of either working for large scale hospitals to avoid getting into the business side of medicine or starting up a practice and struggling with financial bottlenecks. Start up medical practices, find themselves in the choppy waters of changing compliance issues, and complicated billing procedures.

There are many physicians out there who complain that it somehow feels unethical to treat sick people like clients. It can be a sticky and unfair situation to be in.

The way out

The only way out of this quicksand is to outsource the business aspects of healthcare to professionals and focus on making life better for your patients. Cutting edge security options come as the light at the end of the tunnel to those who are skeptical about exchanging and transferring medical data to an off site location.

Breathe easy, and put an end to being mired by business concerns by letting professionals take care of your administrative needs.

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