For Physicians, The Practice Of Medicine Can Pose Business Challenges
CNN reports that physicians sometimes have trouble owning a small business and the Miami Herald reports on how new technology might prove healthful.
CNN: Doctors Going Broke
Half of all doctors in the nation operate a private practice. ... Doctors list shrinking insurance reimbursements, changing regulations, rising business and drug costs among the factors preventing them from keeping their practices afloat. But some experts counter that doctors' lack of business acumen is also to blame (Kavilanz, 1/6).
The Miami Herald: Miami Healthcare-Technology Company CareCloud Attracting Investors, Adding Jobs
Started in 2009, the Miami-based privately-held company has developed a comprehensive Internet-based system that reduces paperwork, streamlines medical practices and improves efficiency in the growing healthcare sector. CareCloud offers a menu of online services that schedule appointments, manage patients, process insurance claims and billings, handle collections, produce analyses of office finances and operations, update electronic medical records and provide a link between patients, doctors, diagnostic centers and other healthcare organizations (Mann, 1/8).
In other health business news, the Los Angeles Times reports that health care stocks remain promising -
Los Angeles Times: Investing In Beaten-Down Sectors Could Be A Good Bet This Year
With the U.S. economy showing more strength, some analysts say it's time to look for value in areas such as tech. ... "We generally like two ingredients, sectors that are relatively cheap and have some momentum," [Jack Ablin, chief investment officer at Harris Private Bank in Chicago] said. "The No. 1 sector in that space right now is healthcare" (Pfeifer, 1/8).