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Variables Affecting the Financial Viability Of Your Practice

Variables Affecting the Financial Viability Of Your Practice


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by Judi Binderman, M.D., M.B.A., M.H.S.A.
Financial viability of physician practices depends upon multiple variables: capacity of the practice, the mix of managed care contracts, cost of care, make-up of patient population, patient visit rates, and utilization of alternate methods of patient interaction. This article presents an introduction to these ideas; the second in this series will expand on the groundwork with a case scenario for a typical family practice.