Practice Management

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Stretched by the 'RAC'

Federal regulators have judged the first phase of the Medicare Recovery Audit Contractor (RAC) program a success, but the controversial plan promises potential headaches for physicians as it moves into its second phase.

Contemporary financial challenges call for creative thinking on the part of the physician-cum-small business operator. One idea that is gaining popularity is in-office dispensing of medications.

Physicians and managers are accustomed to dealing with staff members who aren't happy at work and can't seem to get along, but what do you do when it's the physicians and management who are at odds?

If you determine that the life insurance you bought years ago is no longer needed to provide for a surviving family, it can be canceled or given to your favorite charitable not-for-profit entity.