Monday, June 25, 2012

Checklist: Physical Therapy EMR Search

An industry blogger, physical therapist and electronic medical records advocate, Nitin Chhoda, cautions against a “one size fits all” approach to an EMR solution.  As physical therapy EMR usage continues to expand, Chhoda suggests key criteria for an effective vendor search:  Specialization, Flexibility, Ease of Use, Requirements, Tech Support.  >>Read more

Thursday, June 21, 2012

Physical Therapy Goes to Work...

A 2011 survey of employer health plans revealed that 31% of big companies offered on-site clinics with another 9% considering them.  Physical therapy is a frequent add-on to the traditional clinic "wellness" services.  Other offerings driven by the needs of workers, locale or industry include dental exams, mental health counseling, acupuncture, massage therapy, etc.  While not a revenue stream, add-on services have helped maintain productivity and proved to be an effective staff retention and recruitment tool.  >>Read more
Kaiser Health News - By Michelle Andrews - June 18, 2012

Tuesday, June 19, 2012

How Safe is Patient Data?

SmartMoney sounds the alarm...and prompts the question: 
How well are health care providers protecting sensitive patient info?

A Risky Rx for Your Digital Records
SmartMoney Magazine - By Tania Karas - June 12, 2012

Few health care trends have gotten as much press of late as the mad rush into electronic health records.  Physicians, driven by the promose of better care, cost savings and nearly $23 billion in new federal incentive payments, are racing to turn their scribbled medical records into digital files.  Thirty-five percent of hospitals now use such systems, more than double the share two years ago, according to U.S. government figures.  bur for all the hype about electronic records, little attention has been paid to what some say is a serious weak spot:  When those sensitive bits and bytes fall into the wrong hands, it's often patients who feel the pain.
Since 2009, there have been more than 420 security breaches involving the records of some 19 million patients, according to the U.S. Department of Health and Human Services' Office for Civil Rights.  And such breaches are on the rise. >>Read more

Friday, June 15, 2012

Urgent Care News ....

In a press release dated June 12, 2012, we learned Hometown Urgent Care was acquired by Ridgemont Equity Partners.

Hometown Urgent Care operates about 25 urgent care centers in Ohio, Michigan and Kentucky and was privately owned.

Ridgemont Equity Partners is a private equity firm in Charlotte, North Carolina. This acquistion will be a platform business for Ridgemont.

If you have questions about selling your urgent care business, please contact MT Consulting- we have represented urgent care business owners including, in 2007, Med Express Urgent Care [Morgantown, West Virginia] when it was sold to Excellere Partners.

Thursday, June 14, 2012

Patience .... a key ingredient to getting the best deal when you are selling your business.

Don't put your business for sale after your sales have dropped or you lose a key contract. Get yourself and your business prepared. A good time to sell is when your historical figures show favorable trends and when you can be patient to wait until you have the right offer and the best buyer.

If you can be patient - you will get more money and a better deal for your business.