All doctors leave medical school and their postgraduate training with excellent skills for
diagnosing and treating medical illnesses. However nearly every new doctor leaves his or her
training with no for few skills to become businessmen and businesswomen. In fact most
physicians have earned a stigma of being poor business people. The Complete Business Guide for
a Successful Medical Practice provides physicians with the basic business skills in order for
them to become involved in the financial aspect of their practices. The text will help the
physician decide what kind of practice they would like to join (i.e. private practice small
group practice solo practice hospital employment large group practice academic medicine or
institutionalgovernment practice) as well as understand the basics of contracting restrictive
covenants and how to navigate the road to partnership. Additional topics covered include
monthly balance sheets productivity overhead costs and profits trend analysis and
benchmarking. Finally the book provides advice on advisors that doctors will need to help with
the business of their professional and personal lives. These include accountants bankers
lawyers insurance agents and other financial advisors. The Complete Business Guide for a
Successful Medical Practice provides a roadmap for physicians to be not only good clinical
doctors but also good businessmen and businesswomen. It will help doctors make a difference in
the lives of their patients as well as sound financial decisions for their practice.
