Part III: Risk/HR/Marketing/Future Goals

For Part III, you are to provide a continuous Table of Contents using the headings below. Discuss each area this week as part of your Physician Practice Business Plan:

USE THESE HEADINGS IN YOUR PAPER:

• Identified Physician Compliance Risk Area - Coding and Billing: Which risk areas are you most concerned about? Why? What can be done to minimize it?

• Human Resources and Staffing Practices - Employees handbook - discuss your top important 5 employee office policies. Why is each one important?

• Social Media/Marketing Efforts to Recruit Employees, Physicians and Patients/Staying Ahead of Competitors

• Internal Cost-Cutting Measures Implemented

• Expansion Efforts (e.g. new product and services)

• Financial Plan (Bank loans, lease, mortgage, cash flow, etc)

In addition, you are to create a Future Goals/Implementation Plan/Estimated Date of Completion (EDC) graph (Example: Future Goal/Implementation Plan: After opening your practice; here is an example of something you may want to get done within the next year - keep it on your "radar" after opening your practice). Set it up this way:

Task EDC

Post announcement to hire NP

Interview candidates for NP position

Hire NP candidate to fill position