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Your weekly dose of wisdom from the Physicians Practice experts. 

Practice tip of the week: Barriers to value-based care

a company that specializes in strategic healthcare initiatives such as mergers and acquisitions, management services organizations, private equity, succession planning, physician partnerships, and strategic planning. He can be reached at 

While analyzing the competition is an essential component of your strategy, most medical practices don't conduct this type of analysis systematically enough.

Are you working on a 2025 strategy?

Ryne Natzke is Chief Revenue Officer at TrustCommerce, a Sphere Company.

Practices have tools at their disposal that can help alleviate some of the problems that women face with health care affordability and access. 

How digital tools can alleviate health care access and affordability issues for women

Your monthly collection of insights from the Physicians Practice Pearls writers is available now!

Physicians Practice digital edition: Best states to practice

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Spotlight: Career

1rem

. In this podcast, we'll bring you some of the most interesting and influential guests in healthcare. If you have any ideas for podcast guests or topics, email us at 

Halee Fischer-Wright, MD has a unique perspective on the art, science, and business of medicine. As a former practicing pediatrician that ran her own practice, she was on the frontlines of healthcare as the art of medicine gave way to the science, as well as the business. "As we get into 2017, its science with a big S and art is in the background," says Dr. Fischer-Wright, in the latest edition of the 

Later, she moved into her current position as the President of the Medical Group Management Association (MGMA), where she deals with and defends the business side of medicine. "We vilify business, [we say] medicine would be so much better if we set aside the business of it. No, actually business has driven tremendous outcomes," she says.

Fischer-Wright writes extensively about all three elements of medicine - art, science, and business - in her new book, 

and how they are all needed for the healthcare system to work. She writes about the humanity of medicine, the first element, has become devalued thanks to the other two elements. "Everyone is examining how they can deliver better value - meaning higher quality, lower cost - [and] that's where the business dominance has devalued the relationship that's at the heart of medicine," she says on the podcast.

The book is full of anecdotes of Wright's career in medicine, the patients she saw, her story of nearly going bankrupt when her physician husband was diagnosed with cancer, and how a scene from the show 

 featuring George Clooney can explain the purpose of business in medicine.

She spoke with us about all of these topics and more in the two-part podcast. Click above to play part one of the podcast. Part two will be available in a few weeks.

A new book from Halee Fischer-Wright, MD, CEO of MGMA, examines how we need to strike a balance between the three major elements of medicine. 

Analyzing the Art, Science, and Business of Medicine 

The shift in medical reimbursement from volume to value is no longer "coming" - it's here.

As value-based metrics begin to play an increasing role in medical practice payments, it's time for offices to take a proactive approach to improve operational efficiency, according to John Lutz, a managing director at Huron Consulting. Lutz is scheduled to present "Creating a Value-based Medical Group" on Monday, Oct. 7, at this year's 

In this podcast, Lutz discusses five key areas medical practices can focus on to improve their performance, as well steps practices can take today to improve efficiency.

Consultant John Lutz discusses the transition from volume- to value-based healthcare and how medical practices can begin preparing today.

Creating a Value-Based Medical Practice

Life-altering change can strain mental and emotional well-being and easily cause many physicians to become paralyzed by mental fragility

Five self-care tips for Physicians in the COVID era

An estimated 56 percent of adults report the pandemic has negatively impacted their mental health.

Leveraging digital and policy tools to address the COVID-19 Behavioral Health Crisis

These “soft skills” can be the hardest to master.

Seven social skills they don’t teach in medical school 

Four reasons why data is important whether you’re a practice owner or employed physician - and four ways to incorporate data into the selection of drugs and devices for patients.

Utilizing and implementing data to improve quality of care

Physicians study how to heal patients. But they also need to learn how to grieve their loss.

Coping with grief: How physicians can heal after patient deaths

Stephanie Queen discusses the importance of recognizing and properly managing grief for clinicians and healthcare providers.

Videos

How clinicians and healthcare providers can recognize and properly managing grief 

How clinicians can cope with grief

ysician L. Gordon Moore, who is often credited with pioneering the micropractice model, in which physicians employ no or very few staff members and rely heavily on technology, shares his top eight efficiency improvement tips.

Family physician L. Gordon Moore shares eight efficiency improvement tips for medical practices. 

Eight Easy Ways to Boost Medical Practice Efficiency 

When physicians and their practice managers or administrators present a strong and united front, medical practices run much more smoothly and efficiently.

But it can be tricky to define what practice management responsibilities should belong to the physician, and what should belong to the manager.

Take our 14 question quiz to see if you have delineated physician and manager responsibilities correctly in your practice.

Take our 14 question quiz to see if you have defined physician and manager responsibilities correctly in your practice. 

Medical Practice Management Quiz: Whose Responsibility Is It? 

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