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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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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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Starting a medical practice? Turn our 2017 learnings into your 2018 success

Thinking about setting up your own medical practice? Without doubt, 2018 is bursting with potential for medical practice owners. We’ve explored the latest legislation, industry trends and insights, so you can turn our 2017 learnings into your 2018 success. Here's what we've learnt.

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Finishing your fellowship? 5 ways to prepare for private practice

After many years of hard work, you’re finally reaching the culmination of your medical training and chances are you’re weighing up options for your next move. While a common choice for a young fellow is to work in an established clinic or retain a post at a hospital, you may decide take the leap set up your own private practice. It’s a challenging road for any medical professional, especially so for new graduates — but it can be done and the rewards are significant.

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Key Learnings From the Microsoft Tech Summit

Microsoft Australia hosted their first annual summit in Sydney this week, which I was fortunate enough to attend. Microsoft’s mission to Empower every person and every organisation on the planet to achieve more is aspirational to say the least. Through listening to the key notes, attending the focused sessions and meeting with some of the global leaders, I’m now convinced that Microsoft may actually pull it off.

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3 essential practice management software insights for effective clinical risk management

Transforming the lives of patients for the better is one of the most rewarding aspects of delivering the highest quality patient care. However, medical professionals also carry considerable levels of responsibility and risk. There are many aspects of implementing appropriate systems and processes to manage the high levels of medical and procedural responsibilities required to operate a modern medical practice. 

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4 ways to maintain patient confidentiality in a connected care ecosystem

We all understand the importance of confidentiality in the healthcare industry, but what proactive measures are necessary to protect it? The rising volumes of patient data and the nature of connected care ecosystems present unique opportunities and challenges. Today, medical practices must have a robust patient privacy and confidentiality policy in place to ensure the highest standards of security are met.

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Top 5 mistakes to avoid when opening a medical practice

Opening a new medical practice can be fraught with the challenges of servicing today’s dynamic healthcare industry. Despite the challenges, establishing a medical private practice can be an incredibly rewarding accomplishment for a medical professional, providing the chance to make key decisions that directly influence the standards of care delivered to patients. It is therefore crucial to strike a balance between being a leading medical practitioner and an innovative business owner.

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