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06:48
Emergency Undocking in Robotic Surgery: A Simulation Curriculum
Published on: May 20, 2018
Staffing snafus driving surgeons over the edge
1Karen Zupko & Associates, 625 N. Michigan Avenue, Suite 2225, Chicago, IL 60611, USA. kzupko@karenzupko.com
The Journal of Medical Practice Management : MPM
|May 21, 2011
Summary
Managing staff expenses, which constitute 23-34% of practice revenue, requires careful employee assessment. Implementing enhanced training and rigorous hiring processes is crucial for financial health in medical practices.
Area of Science:
- Medical Practice Management
- Healthcare Administration
- Health Economics
Background:
- Staff salaries represent a significant portion of medical practice expenses, ranging from 23% to 34% of total revenue.
- Efficient financial management in healthcare necessitates strategic oversight of personnel costs.
Purpose of the Study:
- To highlight the substantial impact of staff expenses on medical practice financial health.
- To recommend actionable strategies for optimizing staff-related expenditures.
Main Methods:
- Analysis of recent Medical Group Management Association (MGMA) survey data on practice finances.
- Review of current trends in healthcare technology and reimbursement.
Main Results:
- Staff expenses are identified as one of the largest cost categories for medical practices.
- Current training and hiring practices may not adequately address evolving technological and reimbursement landscapes.
Conclusions:
- Physicians and practice managers should prioritize employee competency assessment and targeted training.
- Implementing advanced hiring assessments and background checks is recommended for new and replacement staff to control costs and ensure quality.
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