Think Business! Medical Practice Quality, Efficiency, Profits [Paperback]

Owen Dahl (Author), MBA (Author), FACHE (Author), CHBC (Author)

Book Description

ISBN-10: 0976834359 | ISBN-13: 978-0976834359 | Publication Date: May 31, 2007 | Edition: 1

Foreword by David B. Nash, MD, MBA, FACP If you own, run, or have anything to do with a medical practice, you must read this book. Today the practice of medicine must be recognized as a business. No longer can the business of the practice be based on the intuition of the physician or office manager. This exciting book from Greenbranch Publishing promises a new way for physicians and administrators to look at the medical practice. Owen Dahl decodes business theories and applies them to today's medical practice. Filled with winning techniques, Think Business! will teach you the following: -Financial fundamentals - how to keep tabs on the practice -Employees as assets: how to recruit and retain them -How to differentiate your practice from your competition -Setting the stage for pay-for-performance and quality of care -Why medical staff should care about satisfied patients and quality outcomes -Motivate employees to build great teams; it's not only about the money! -Smart strategies to focus your practice as a business Packed with plenty of take-home value, you can count on Owen Dahl to provide you with the language, the players, and the management techniques to ensure success in your practice. It is time to bring solid business principles to the medical practice! And, running a profitable medical practice takes more than your staff's strong clinical skills. Today's practice is complex -- declining reimbursement per patient or per procedure, complexity in managing the patient process, technology needs, decision-making processes to ensure optimal use of resources, outcomes management...and don't forget the nuances of employee management!

Editorial Reviews

Review

"...this book is a mini-MBA curriculum...Dahl has done a great basic service by providing administrators and doctors with an easy-to-read repository, for all of the current business school information necessary for us to compete in the 21st century." --David Nash, MD, MBA, FACP, Chairman, Department of Health Policy, Jefferson Medical College, Thomas Jefferson University

"Owen has done a remarkable job of engaging the reader with a blend of theory and practicality that offers a solid business approach to achieving a high-performance practice. This book is a must-read for physicians and medical practice leaders that seek to be among the best." --Judy Capko, Capko & Company and author, Secrets of the Best-Run Practices

"...In our medical training, only a few of us received the necessary skills to become effective and successful businessmen and business women. Owen Dahl is helping physicians and their practice staff bridge the gap. All those who read this book will become not only better business people but will ultimately become better physicians." --Neil Baum, MD, Clinical Associate Professor of Urology, Tulane Medical School, author, Marketing Your Clinical Practice

About the Author

Owen Dahl, MBA, FACHE, CHBC is President of Owen Dahl Consulting based in The Woodlands, Texas. Dahl is a nationally-known speaker and consultant in medical practice management, with nearly 40 years experience in practice management. He has been an entrepreneur, to manager of a $75 million practice with 65 physicians, to an academician developing teaching programs and credentialing programs.

Product Details

• Paperback: 225 pages
• Publisher: Greenbranch Publishing; 1 edition (May 31, 2007)
• Language: English
• ISBN-10: 0976834359
• ISBN-13: 978-0976834359
• Product Dimensions: 9.8 x 7.9 x 0.6 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,656,406 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars Concise MBA Program for Physicians, November 6, 2008

By 

Dr. Yuval Lirov "Medical Billing Networks and... (New Jersey, USA) - See all my reviews
(VINE VOICE)    (REAL NAME)   

This review is from: Think Business! Medical Practice Quality, Efficiency, Profits (Paperback)

Practice management is a more difficult business than other kinds of services because of higher expectations, higher risks, and an adversarial payment environment. A professional approach is needed to market to patients, manage and motivate staff, handle office processes and technology, maintain compliance, and most importantly, get paid in full and on time.

Yet medical schools do not prepare physicians with adequate skills to succeed in business. If you don't have the time for an MBA program and you don't have access to trustworthy consultants or reliable outsourced service providers, then this book is for you. Invest the time it takes you to read this book back into your daily practice. If you get through this book in fifteen hours, and if you use just three ideas out of hundreds, and if each one idea saves you just 1/100th of your daily working time and effort--that will be a savings of 60 hours per year, or a net annual profit on time invested of 300%.

Do you know of any other investment that nets you 300% annually?

Yuval Lirov, Medical Billing Networks and Processes - Profitable and Compliant Revenue Cycle Management in the Internet Age

5.0 out of 5 stars A must have for the private practice physician, June 11, 2010

By 

Judy Capko "Author of Secrets of the Best-Run... (Thousand Oaks, CA USA) - See all my reviews
(REAL NAME)   

This review is from: Think Business! Medical Practice Quality, Efficiency, Profits (Paperback)

This book is one of my all time favorites. It succinctly covers all aspects and principles of what it takes to be a successful business. Yes, a medical practice is a REAL business!