Physician practice management refers to the process of managing the day-to-day business operations of a medical practice or physician practice. This can include managing finances, staffing, and technology. Some elements of physician practice management include:
- Scheduling patient appointments.
- Handling billing for patient services.
- Following up on patient billing.
Physician practice management also includes tasks that are broader in scope, such as developing and implementing marketing campaigns for the practice and managing budgets between different areas of the practice.
From a traditional managerial perspective, physician practice management includes supervising existing staff members and training and hiring new staff as needed.
Physician practice management professionals may be hired individually, similar to hiring a manager for any other type of business, or a physician practice may choose to use an administrative services organization that accomplishes the same goal but with a slightly different organizational hierarchy.