Pharmacies have expanded over the years to become increasingly large and complex. They meet patients' needs in more ways than ever before.
New health care legislation is constantly being drafted, proposed and passed, so it is no surprise that most providers find it challenging to keep up. One of the most important changes in policy to take effect in recent years is the implementation of a rule obligating health care providers to repay any debts resulting from the overpayment of billed Medicare treatment or services.
Hospitals and other medical facilities have fluctuating staffing needs that make it difficult to rely solely on a roster of full- and part-time employees. Contracting with a staffing agency can help fill the gaps and ensure there are medical professionals available on call. According to the American Staffing Association, as much as 9 percent of all temporary work is available within the field of health care.
You might not have been born a leader, but you will need to adapt as a pharmacy owner. Not only do you have to effectively manage your employees, but you will also need to be a leader to your community. Running a pharmacy is a lot of responsibility, and it might feel like you have zero time to hone your management abilities.
Facing disciplinary action from the medical board or government agency is one of the worst fears of physicians. Disciplinary action can affect your reputation, finances and sometimes your entire career. The worst penalty is losing your license. Sometimes even small mistakes can lead to serious consequences.
Receiving notification that your pharmacy will undergo an insurance company audit can make for stressful times. This is true even if you believe you have been fully compliant.
If you always wanted to own a home health agency (or a similar business such as an adult day care) and decided that it is financially feasible to do so, there are a few advantages to buying an existing agency versus starting one from scratch.
When nurses get a letter from a disciplinary board, the letter commonly concerns drug or alcohol issues, criminal convictions, inadequately maintaining patient records, or a host of other issues such as unprofessional conduct.
Fraudulent practices in the medical industry come with serious consequences. Complying with federal laws is crucial if you accept Medicare patients. Failing to comply can put your medical practice at risk of investigations and jail time.
Home health care is becoming a more expansive, more vibrant and more important industry every year. And with growth also comes regulation.