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Successful Medical Practice Winning Strategies For Doctors PTN Communications
Successful Medical Practice Winning Strategies For Doctors PTN Communications
Medical Practice
Dr.Aniruddha Malpani, MD
Dr. Anjali Malpani, MD
Successful Medical Practice:
Winning Strategies for Doctors
Successful Medical Practice:
Winning Strategies for Doctors
PTN Communications
3-3-62A, New Gokhale Nagar,
Ramanthapur, Hyderabad - 500 013
Successful Medical Practice:
Winning Strategies for Doctors
Copyright:
Dr. Aniruddha Malpani and Dr. Anjali Malpani
Cartoons Copyright :
Dr. Hemant Morparia
Printed and Published by:
V. Bhava Narayana on behalf of PTN Communications.
3-3-62A, New Gokhale Nagar, Ramanthapur,
Hyderabad - 500 013
Tel Fax : 040-27030681, Mobile : 09849551183
e-mail:editorptn@gmail.com
First Published 2005
Printed at:
Kala Jyothi Process Pvt. Ltd.,
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Hyderabad-500 020. A.P
All rights reserved. No part of this publication may be
reproduced or transmitted in any form or by any means,
electronic or mechanical, including photocopying, recording, or
any information storage or retrieval system, without prior
permission in writing from the publisher and authors.
Preface
— Dr Aniruddha Malpani, MD
— Dr Anjali Malpani, MD
Medical Director
Vital Signs,
Medical Practice Management Consultants,
Mumbai,
India.
Email:info@drmalpani.com
Owener- Bangladesh
Contents
Preface v
1. Planning Your Career:
Carve Out a Niche for Yourself 1
2. Beginning Practice:
Get Off to a Flying Start 10
3. Designing Your Clinic:
Make it Patient-friendly 27
4. Assessing Your Practice:
A Critical Look 36
5. Marketing Your Practice:
How to Get More Patients 43
6. Business Management:
Basic Skills 55
7. Financial Planning and Management:
Boosting Your Bottomline 62
8. Making Your Money
Work for you 69
9. Hiring the Right People 80
10. Creating Superb Employees 88
11. Good Medical Records:
Worth their Weight in Gold 95
12. Scheduling Patients:
Managing Appointments Efficiently 101
xI Contents
patients value. Doctors get paid for their time, but that's
not what we sell. We sell our medical knowledge and
skill, and left untended, these depreciate in value
surprisingly quickly. This is especially true in medicine,
where the knowledge base expands exponentially every
year, and new discoveries are being made all the time.
We all need a personal strategic plan for our careers,
and the sooner you formulate this, the easier it will be
for you to progress.
Most doctors' careers have the following five stages:
Beginning Practice:
Get Off to a Flying Start
When to start ?
Where to start ?
1. Single-handed practice.
2. Partnership, and
3. A group practice.
Single-handed Practice
Partnership
Group Practice
Hospital Practice
Government Practice
The Accountant
The Lawyer
Getting Referrals
The first few months after you start practice are usually
the most difficult for most doctors. You are full of
enthusiasm and your technical skills are finely honed,
but you may find that attracting patients is very difficult.
If you are fortunate and come from a family of doctors,
this will help you immensely in getting off to a flying
Beginning Practice: Get Off to a Flying Start 121
When you start your clinic, make sure you have all
the required permissions. For example, not only will
you need permission from the society if you practice in
a residential building, you will need to make sure this
permission is in writing, so you do not have problems
in the future.
While purchasing the premises can be expensive, you
can look upon this as an investment in real estate, which
will usually appreciate in time and is a valuable asset.
A less expensive option is to lease or rent a place to
start your practice . Young doctors who are just starting
practice may not be able to afford a clinic of their own.
In such a case, starting practice in a polyclinic is a very
useful stepping stone. Study the owner's policies and
decide whether they are good for you and your patients.
Does the polyclinic offer any services apart from a
consulting room? Do they have an efficient receptionist?
Is the receptionist capable of handling your patients?
After how many years will the rent increase? Are the
current doctors practicing in the polyclinic happy with
the owner ?
Be careful in selecting an architect for designing your
clinic. Remember, experience counts. It's a good idea to
actually visit the clinics the architect or interior designer
has built in the past, to ensure that his work is reliable.
Also, keep an open mind, and friends, doctors and
patients for suggestions for your new clinic - they may
have seen novel ideas elsewhere which are worth
incorporating.
Strategically placed sign boards outside the building
are extremely important in helping your patients find
your clinic. Illuminated sign boards are even better, since
they will increase awareness of your clinic in the
community. If you work in a large building, make sure
301 Succesful Medical Practice: Winning Strategies for Doctors
b. Telephone System
c. Appointment System
d. Filing System
g. Emergency Facilities
h. Laboratory Investigations
i. Personnel
k. Miscellaneous Observations
IMKAHTS
ACME
Chapter 6
Business Management:
Basic Skills
Act Treat
Advise, recommend Consult
Audit Annual checkup
Bottom line Outcome
Delegates Refers
Difficulty Symptoms
Eliminate Cure
Gut feeling Hypothesis
Implement Manage
Pilot study Research
Organization chart Anatomical structure
Problem Malady
Reduce impact Reduce side-effects
Strategic plan Service plan
Goal Outcome
Budgeting
Budgeting is the process of estimating your income as
it is earned and expenditure as it is incurred. It helps
you to plan for the future, and to compare what you
achieve with what you had expected to achieve. Every
business experiences ups and downs in expenses and
income, so careful forecasting is essential, and it is
advisable to always allow a margin for inflation in the
forthcoming year.
Cash Flow
The cash flow statement sets out what is happening in
cash terms. It tabulates the money going out of the
practice to pay for expenses, and the money coming in
. If the outgoing is more than in the incoming, you
have a cash flow problem.
Balance Sheet
The final accounting item is the balance sheet. This
shows what the practice is worth and is usually set out
at the end of the practice's financial year, showing
what the practice owns and what it owes.
Keeping Accounts
Preventing Cheating
Financial Advisers
Insurance
To protect your family, you need to invest in a life-
insurance policy as well. While this may not provide a
profitable return on your investment, it is a valuable
safety anchor to protect your family against an
unexpected crisis.
Making a Will
It is advisable to make a will as soon as possible. Dying
intestate can make life difficult for those left to sort out
the affairs of the deceased and leave the intended
beneficiaries with potential legal wrangles and
unnecessary inheritance tax. Professional advice should
be sought because a poorly written wil may be worse
than none at all. A will may be revised at any time to
take account of changing circumstances.
When you hire people that are smarter than you are, you
prove you are smarter than they are.
— R. H. Grant
Hiring
1. Unlock doors.
2. Turn on lights.
3. Turn on air conditioner.
4. Check messages on answering machine.
5. Put on computer.
6. Check for cleanliness.
7. Check bathrooms for toilet paper, towels.
8. Check appointment schedule.
9. Pull out patient charts.
Record what you have seen; make a note at the time; do not
wait.
— Sir William Osler.
• Admission
• Diagnosis
• Condition
• Allergies
• Vital signs
• Ambulation
• Nursing care
• Diet
• IV fluids
Good Medical Records: Worth their Weight in Gold 197
• Lab tests
• Medications
• Special orders (such as occupational therapy or
consultations requested)
Scheduling Patients:
Managing Appointments
Efficiently
Time is the coin of your life. It is the only coin you have, and
only you can determine how it will be spent. Be careful lest
you let other people spend it for you.
— Carl Sandburg
When you first start practice, you may see only a few
patients each day , and you may decide not to bother
with having an appointment system at all. In fact, you
are likely to be so glad to see any patient at all, that you
will see them at their convenience. However, it's
important to get into the habit of planning efficiently
right from the beginning, and if there are just a few
patients, give them appointments close together, so that
one patient leaves as another arrives. It will then appear
to your patients that you have a busy, thriving practice.
Of course, as you become busier, an appointment
system is essential to help you plan your day.
The appointment system you choose will affect your
entire practice management. Appointment books or
diaries can be bought with timed appointments already
set out, and the following guidelines may help you run
your practice more smoothly and efficiently:
1021 Succesful Medical Practice: Winning Strategies for Doctors
The Telephone:
Your Clinic's Lifeline
Going Digital:
Using Computers to
Enhance Your Efficiency
www.doctor.com:
Setting up Your Virtual Clinic
on the Internet
Information Therapy:
Educating Your Patients
-<T
1135
Chapter 18
Patients don't care how much you know until they know
how much you care.
I don't know what your destiny will be, but one thing I
know: the only ones among you who will be really happy are
those who will have sought and found out how to serve.
— Albert Schweitzer
to “ hire the smile and then teach the skills". If you find
a helpful clerk in a departmental store, she is likely to
make a good employee - and individuals who have
spent a summer working at a McDonalds are much
easier to teach, since they have already received basic
training in keeping customers happy . A simple question
to ask each prospective employee is - " Who is the
most important person in this clinic ? " - and the right
answer is - the patient. Pay your staff well - while
good staff members can be expensive, the wrong staff
members are much more expensive in the long run.
You get what you pay for, and pay for what you get.
When you deal with patients, remember that your
staff will emulate your behaviour. Rude doctors usually
have rude staff members, who are adept at turning
patients away. How do you know you and your staff
are doing a good job ? Simple - just ask your patients.
It's easy to carry out patient satisfaction surveys - and
these could be as simple as asking them to fill up a
form. We encourage our patients to fill in a Complaints
and Compliments book ( anonymously, if they wish),
which we read religiously in order to identify problems
and solve them. Most patients are happy to provide
feedback - after all, their input allows you to improve
the services you offer them.
The First Law of Patient Service is :
People may not remember what you did for them, or even
what you said, but they will always remember how you made
them feel.
— Anonymous.
Activists
Activists believe in doing things, and their philosophy
is: "I'll try anything once". They are happy to try out
the newest drugs, and thrive on the challenge of new
1701 Succesful Medical Practice: Winning Strategies for Doctors
Reflectors
Theorists
Pragmatists
Time Management:
Working Smarter
money. You can't buy more time and you can't save it
up for future use. Once it's gone, it's gone.
As a highly skilled professional, time is your most
important resource and you need to use the science of
time management to regain control of your life. While
it may not necessarily enable you to see five more
patients a day ( which may not even be in your best
interests in the first place - more is not always better),
it will help you to juggle your professional and personal
activities with greater ease. And you'll also be able to
find time to catch up on your reading and keeping up
to date with the medical literature as well.
Step number one is the most important - and often the
most difficult as well. You need to start by identifying
your top priorities in your life. This prioritization helps
you avoid dissipating your precious hours and energy
on a legion of low-level activities. Once you know what
deserves a Yes, it's easier to say No to whatever else
comes along. Don't limit your prioritizing to the
professional realm. Defining your life's goals is not
easy - but it's helpful to list the five most important
things in your life in the space of one minute. To define
a goal, use the SMART rule:
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Managing Mistakes
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Chapter 27
Risk Management:
Keeping Problems at Bay
Clinical Competence
Communication
Insurance
Documentation
though they think they are very clever , they are easily
manipulated by businessmen and HMOs, so that they
often end up fighting against each other because of ego
hassles , medical politics and professional rivalry.
The list of problems which has plagued HMOs is a
long one - and affects everyone concerned adversely -
doctors, nurses, hospitals, other medical staff - and
patients. In fact, the only people happy with HMOs
today are the HMO executives, who are laughing all
the way to the bank.
Let us start with the problems patients face. The
biggest one is of access, and it's very difficult for patients
to get an appointment to see their physician - waits of
upto 3-4 weeks are the norm. For complex problems,
the difficulty is far greater. It can be very difficult for
the "primary care physician" to refer the patient to an
expert - because the doctor needs authorisation from
the HMO before he can refer the patient for an expert
opinion - and HMOs are understandably reluctant to
refer patients to specialists - after all, specialists are
expensive. Also, it's not possible for your doctor to
even choose whom to refer you to. He is forced to send
you to a doctor on the HMO's panel - who may not be
the best for the patient's particular problem.
However, the effects of HMOs on doctors are much
worse. Most HMO doctors no longer look forward to
seeing patients, because they are compelled by the HMO
efficiency experts to see "x" number of patients per day.
They are treated as mindless automatons on a factory
assembly line, who have to process one patient in 10
minutes, no matter how complex the problem. Doctors
who spend too much time on a patient actually get
pulled up because the bottom line is no longer the
quality of care, but rather its cost.
2141 Succesful Medical Practice: Winning Strategies for Doctors
bad marriage can ruin not only your career, but your
happiness - and your children's happiness as well.
Incidentally, by making your marriage your first
priority, you will not be sacrificing your career. Ironically,
you will end up doing even better at work. A good
marriage cap help you become a better doctor - a happy
personal life will help you perform far better in your
professional life. Both of these are closely linked together,
and it's stupid to try to compartmentalise them. Few
things feel as good as marital harmony, and people who
live in a supportive and loving marriage thrive.
Increasing intimacy in your life may be the best way of
ensuring your health, productivity and happiness.
Making your marriage work can be the best thing you
ever do - the rewards will far outweigh the effort. Being
a doctor can be demanding , and the positive energy of
a committed marital relationship can help you perform
even better.
A marriage needs to grow as you grow, and as you
mature, you need to nurture it. Most marriages move
through the following stages.
Parenting - Bringing up
the Next Generation
There are only two lasting bequests we can hope to give our
children. One of these is roots, the other, wings.
— Hodding Carter
Retiring:
From Medicine, Not from Life
you can also retire when you feel the time is right.
There is no magic number at which you should retire,
and many physicians have continued to lead productive
lives practicing excellent medicine to the ripe old age of
90 too. Most doctors never retire officially - after all,
why waste all those years of accumulated experience ?
As you become more senior, it is also likely that more
and more patients will start to seek you out, and if
patients need your services, why should you refuse to
give them the benefit of your many years of knowledge?
What can physicians do to make the last one or two
decades of their lives enjoyable? Retirement is your final
career and requires every bit as much thinking and
planning as your other career decisions. Ask yourself:
What would you do if you did not have to work for a
living ? What you would like to leave behind for
posterity ? Where do you want to live? How will you
use your time so you feel productive and inspired? What
are your interests? What role will your family play? Do
you want to be closer to your children—or farther away?
You also need to prepare for a possible decline in
health—your own and that of your family and loved
ones. It's also important that you have a plan in place
as regards your clinic . If you want to sell it, the best
time to do so is when you are still in active practice, so
that you can capitalise on your professional goodwill.
Many doctors find that taking in a junior partner, who
will then buy you out in a few years when you are
ready to retire, makes the transition as smoothly as
possible. Don't retire until you have enough financial
security to lead a life of comfort, and enough financial
reserves to cope with emergencies. Otherwise you may
find that you are financially dependent upon your
children, and this can be very uncomfortable, especially
if you have been used to being the breadwinner all
your life.
Retiring: From Medicine, Not from Life 1235
Medical Ethics:
How to Do What is Right
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Chapter 33
Preventing Burnout:
Manage Stress
If you had to define stress, it would not be far off if you said
it was the process of living. The process of living is the
process of having stress imposed on you and reacting to it.
— Stanley J. Sarnoff
There are many do's and don'ts, and most are easier
said than done. However, you can change your work
habits if you resolve to do so.
DO's:
Doctors who enjoy their work and find meaning in
it, have high self-esteem - one of the best buffers against
burnout. When you work, work hard. But also learn
to work smart, delegate and manage your time well, so
you find time to play as well. Remember, all work and
no play makes Dr Jack a dull man.
Learn to rest. Keep your evenings and weekends
free to recharge your batteries. Allow yourself to take
time for your own personal self care. After all, how can
we help others if we can't help ourselves?
Get regular exercise. Spend money by joining a gym
or hiring a personal trainer; this will ensure that you
actually do work out. Even if you go twice a week,
you'll feel mellower and more energetic. Hike, play
tennis, or engage in other physical activities that give
you pleasure.
Learn to practise voluntary simplicity. The secret of
contentment is in wanting what you have, not in having
what you want.
Release yourself from unrealistic expectations. It's not
true that the harder you work, the better your work.
Remember that if you are good to yourself, you will
end up being better to your patients.
Develop your hobbies and interests. Painting,
collecting, or anything you always wanted to do but
never got around to are all good starts.
DONTs:
Don't let petty annoyances sap your energy, don't
sweat the small stuff.
2561 Succesful Medical Practice: Winning Strategies for Doctors
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Chapter 35
Professionalism in Medicine:
Striving for Excellence
T = Trustworthiness
C= Credibility
R= Reliability
I - Intimacy
S= Self-orientation
Physicians as Leaders
ETHICS
Be Service
REALITY
Have No Illusions
Name:....................................................................................................
Email address:......................................................................................
Address:.................................................................................................
Specialty:...............................................................................................
Dr Aniruddha Malpani, MD
Dr Anjali Malpani, MD
Medical Director
Vital Signs, Medical Practise Management Consultants
Jamuna Sagar
SBS Road
Colaba ,
Bombay 400 005.
India.
PTN Communications is a specialist
Healthcare Publishing House.
e <1 e
PTN Communications
3-3-62A, New Gokhale Nagar,
Ramanthapur, Hyderabad - 500 013
Tel Fax : 040-27030681, Mobile : 09849551183
e-mail:editorptn@gmail.com
Successful M edical P ractice
Running a successful medical practice can be hard work. Do you find that there
-
is too much work, too much hassle, too much competition, too much despair and
w in n in g s tra te g ie s fo r d o cto rs
too little reimbursement ?
The purpose of this book is to help you find a truly satisfying way of practicing
medicine which would :
(a) Give you control of your time,
(b) Allow you to do work which you feel is worthwhile for patients that
you enjoy seeing, and
(b) Pay you well for your effort so that you enjoy going to work every day.
What you need to learn is to work smarter, more efficiently and more productively
and with less hassle and more satisfaction. The secret is to learn how to manage
yourself. The problem is that certain skills, especially time management, knowledge
management and relationship management, are not taught in medical schools
and most doctors have to learn them the hard way. This book will teach you these
skills, so that you can apply them to your life and become a more productive,
happier and successful doctor.
Dr An ia l' Malpani, MD
Dr Aniruddha Malpani, MD and Dr Anjali Malpani, MD are leading infertility
specialists practicing in Mumbai. They have over 24 years of experience in running
a successful private practice. This is their fourth book, and they hope it will help
doctors to manage their lives more efficiently. Dr Aniruddha Malpani, MD