Communications & Technology
Medical professionals who wish they could take their practices with them when they're away from their offices can pretty much have things their way. Communication technology continues to spawn mobile gadgets with capabilities that range from simple telephone connection to e-mail, instant messaging, word processing and record keeping.
As vital as patients are to medical and dental practices, surprisingly little quantifiable data is available regarding the impact of good patient/doctor relations. What is interesting, though, is that articles, editorials and advice columns on the subject abound.
Employment and Training
Like any business operation, a successful medical or dental practice largely relies on happy, well-trained employees. The Medical Group Management Association reveals in a 2006 study of 1,250 multidiscipline practices that among factors such as profitability, efficient billing and well-organized revenue collections, effective staffing is one the chief factors contributing toward excellence.
Burnout can lead to a multitude of problems, including chronic fatigue, volatile emotions and depression, as well as susceptibility to physical ailments. Still, a few simple measures will help you avoid the situation.�
Weekly Financial Update
Weekly view from Wall Street with commentary on factors driving the financial markets, and key insight into the economy.
¹The Union Bank Small Business Resource Center (Resource Center) and the articles and information contained within is designed to offer helpful tips, best practices, and tools which are provided as a free service to you for general information purposes only. Information within the Resource Center is not intended to provide legal, accounting, tax, other advice, or recommendations for any specific individual or business. Please consult your attorney, accountant, or financial or other advisor with regard to your individual situation. The information found here is provided by separate legal entities (third parties) which are not affiliated with Union Bank in any way by common ownership, management, control, or otherwise. Union Bank makes no representations or warranties as to the suitability, accuracy, completeness, or timeliness of the information provided by third parties. Additionally, Union Bank makes no warranty or representation, and does not endorse any linked websites or the information appearing there. Third party websites may not have the same privacy, security or accessibility standards.