Know What You Need

One way to put yourself in a disadvantage in the early days of your practice is to not understand what roles you need to fill in your office. If you are a small practice, less than 10 employees, it may be best to use medial assistants and cross train them in other areas like phone triage and reception. On average, medical assistants cost roughly 1/3 less than an LPN and significantly less than an RN so if there is not a reason to bring on higher credentialed staff in your practice then it’s much more advantageous to seek out quality medial assistants and cross train them. In many circumstances an RN does not have the training or skillset to work the front desk. It also does not make financial or professional sense to staff you desk with RN’s. However, medial assistants are trained to cover multiple areas of a medical practice and can be cross trained to cover your admin areas as well as your clinical areas.

You can always increase your staff but starting your practice with these higher credentialed staff can lead to cash flow issues due to higher payroll costs in the early days. Since payroll is one of the largest expenses a practice will have it is important to keep a handle on payroll costs because they can balloon quickly. Another great benefit is you have built in redundancy in case someone calls out sick, is on vacation or you are short staffed.

Chris Bergstrom

My name is Chris Bergstrom, lead practice consultant at VM Practice Consulting. I have spent the last 20 years in healthcare and the last decade leading medical practices. I started my career working in inpatient pediatric rehab at Cincinnati Children’s Hospital and Shirley Ryan Ability Lab (formerly The Rehabilitation Institute of Chicago). Following those front line roles I moved into a staffing role at The Rehabilitation Institute of Chicago and then into a contract labor role with a nationwide hospital brand. Having a desire to return closer to patient care while merging my administrative knowledge of healthcare I began managing various sized medical practices in the specialties of pediatric cardiology, pulmonology and dermatology. I have a desire to help practices grow and collaborate with dedicated healthcare professionals to deliver exceptional patient care and financial results for the practice.

https://www.vmpracticeconsulting.com
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