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Are your medical staff reaching their potential? Use these tips to measure and improve their financial performance

Your medical team is integral to the success of your practice. Admin teams at the coalface and patient satisfaction really starts with them. Patient engagement should be part of their KPIs and how you define that sets the tone for patient loyalty. An empowered team is one of the key drivers of growth in your clinic, so how can you help them reach their potential – and grow your business at the same time?

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Finding the right one: 12 questions to ensure you hire the right practice manager

As the number of patients and employees increases in your medical practice, so does the amount of time that needs to be spent on medical management. As your practice grows, you also need to invest in more resources on the operational side.

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Ready to choose or change your medical indemnity insurance? 8 requirements to consider

Choosing the right medical indemnity insurance is a key decision every practitioner makes during their career. Due to the high stakes nature of the medical profession, having adequate insurance is crucial – especially when you’re starting your own medical practice. With greater responsibilities comes heightened risk, so it’s essential that you have the right level of cover to safeguard yourself, your employees and your practice.

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Tax Time, Simplified: 5 Tips for Medical Practices

Tax time seems to creep up every year and if you’re not prepared it can add a time consuming process to your already busy days. For medical practices and other businesses alike, the earlier you prepare, the better. Whether you’re in the planning stages of opening your own medical practice or already running an established practice, now is the time to review and simplify your tax time processes.

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Financing your first medical practice? 3 strategic options for every doctor

For ambitious medical practitioners, opening your own practice can be a fulfilling endeavour. It gives you the freedom to define the quality of patient care, assemble your team and be in full control of your clinic’s financial success.

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Smooth running practice efficiency from day 1: Here are 3 strategic insights

Improving efficiency is a core part of how to run a successful medical practice, and putting the right processes in place to enable it is especially important in the early years, when your practice is getting off the ground.

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How Australia's ageing population is  changing our healthcare system

An effective healthcare system must be flexible enough to adapt to the needs of a changing population. In Australia, life expectancy is 81.5 years – among the highest in the world. In order to secure the sustainability of Australia’s healthcare, we need to address what the implications of an ageing population are, and consider next steps in order to move confidently into the future.

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Why retention is more important than recruitment for your medical practice success

It's a simple truth that no business can thrive without the people in it. Therefore, employee empowerment and retention should form a vital component of your business plan. You’ve likely seen it before: the hallmarks of high employee turnover in healthcare and beyond encompass high recruiting costs, less-than-ideal productivity and so much lost time. But what makes employees go and what compels them to stay?

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Your medical practice's secret to success: The 4 essentials of a profitable business plan

As a young fellow or a seasoned practitioner, opening your own medical practice is a compelling aspiration that you want to make a reality. Make no mistake: being a great doctor is not enough to create a successful business. Today’s medical practice owners must blend business know-how with their medical expertise to champion a profitable organisation around their unique vision.

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Staying ahead of the curve: 3 insights to accelerate organisational growth

Strong industry growth and a constantly changing digital landscape are two realities we face in healthcare. Everything from advancements in medical technologies to an ever-growing workforce and policy reform are on our horizon. Therefore, pioneering organisational growth in 2018 (and beyond) requires deep strategic planning for healthcare leaders.

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