The Anatomy of Medical Practice Net Income—Article Three

This article addresses the first element of our discussion of the basic income formula—gross fees charged by medical service providers, also known as medical services production. Years ago, the American Medical Association (AMA) had what was called the Consulting Link. This AMA program recognized and recommended competent, experienced financial consultants to doctors and their medical practices. One of the questions on the application for membership went something like this, “If you were to provide a doctor with one, and only one, suggestion to help him become financially successful, what would be your one suggestion?”

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Length: 4 pages (PDF 237 kB)