News & Trends – Page 7 – Physician Factor

At Physician Factor, we're passionate about supporting the knowledge transfer and shared expertise among physicians to drive improvements across healthcare, as well as career development. Here we spotlight news and trends of interest to physicians in our network.

What is Physician Factor? This knowledge exchange network is a dedicated portal for physicians seeking opportunities to contribute their expertise and input in exchange for compensation and supplemental income.

13Mar 2023

Health Care Hiring Trends Physicians Need to Know

Now that federal spending on health care workers has diminished, and with the Public Health Emergency declared for the pandemic to expire on May 11, the health care labor market is undergoing a fundamental shift, which will bring a new set of opportunities for hospitals and health systems in 2023 and beyond.

06Mar 2023

Physician Practice Exit Considerations

This article is aimed at any physician contemplating exiting their practice at some point. Perhaps you are finally at the point in life where you are considering retirement; with all the work you have put into your practice, retirement is a welcome sign and you are contemplating selling. Most physicians are caught on the “entrepreneur merry-go-round”, dealing with business issues, family, staff, banks and so on, and find it difficult even to plan this year’s strategy, let alone figure out whether it’s time to sell.

27Feb 2023

Prediction: Virtual Care Growth Will Remain Steady In 2023

Look for 2023 to be a momentous year for virtual care as it continues to be shaped by healthcare economics, provider shortages, consumer demand, and government funding and regulation. Despite recent declines in volume, virtual care is simply too valuable - and necessary - not to become an increasingly important part of healthcare going forward.

13Feb 2023

How Medical Practices Can Provide Effective Care In The Face Of Rising Cyber Threats To EHRs

Digitizing information has proven to create a more swift and efficient way of providing care, as electronic data permits doctors to quickly access a patient’s diagnoses, treatment plans, medications, test results, and medical history. But with reward can come great risk. Electronic health record (EHR) downtimes and operational outages may be due to a direct ransomware attack on organizations. By leveraging advanced security strategies, health care practitioners can rest assured that their patients’ data always remains secure and accessible, thus guaranteeing high-quality care is consistently provided.

30Jan 2023

Focus On Six Key Areas For Successful Physician Partnerships

Physician partnerships require much pre-planning, careful structuring, and a whole lot of continued communication in order for them to be successful. It is certainly not a process that should be rushed through nor taken lightly and physicians should be both thorough and methodical throughout the process — from due diligence to drafting documents to communications during future partner meetings.

16Jan 2023

How Physicians Can Avoid Making Common Financial Errors

While earning a high income certainly benefits physicians, it is also accompanied by the increased possibility of financial errors. Physicians must learn how to both keep more of what they earn and build upon what they have. Also, physicians must consider not only their existing reality but also the what ifs that could potentially crop up unexpectedly.

19Dec 2022

Wellness Roadmap For Physicians This Holiday Season

Physicians have a lot on their holiday plates. Ever-demanding professional responsibilities coupled with an inability to spend enough time with loved ones can impair doctors’ mental and physical well-being, possibly putting them at risk. But there are strategies that may help ensure their wellness during the holidays.

12Dec 2022

Culture of Self-Sacrifice

There are many factors influencing the push for physicians to do more and measure productivity. However, the work of a physician cannot be broken down into widgets; this is highly skilled work that ebbs and flows and is in no way constant. The culture of team-based care, collaboration, and physician workload must be continually re-examined and expectations re-set if we are truly dedicated to maintaining the physical and mental health of our physician workforce.

05Dec 2022

3 Revenue Management KPIs People Don’t Talk About

Incorporating these 3 KPIs into your analysis will help you identify issues in a timely manner and improve collections and cash flow.

28Nov 2022

Red-Flag Warning: When Is It Time to Leave a Toxic Healthcare Workplace?

Recognizing the signs of this kind of workplace is the first step toward developing strategies to make it more bearable and sustain long-term employment. Toxic workplaces are a far too common reality in medicine. It’s important to identify these situations based on the signs and take steps to alleviate the stress. Sometimes that may mean looking for new employment. There are, however, strategies that can be employed to possibly improve your work situation before you consider quitting and working elsewhere.

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