“The income equation, regardless of setting or size of group, is (receipts – expense) = income. We can impact that equation by managing the receipts and/or managing expenses. If we are able to increase receipts, for every $1 in increase we typically see it reduced by $0.50 in expense. However for every $1 in expense we reduce income is increased by the full amount of the savings. Also what we have seen over the last few years and are again seeing today is that we tend to have more control over our expenses than we have over receipts. The ASGE’s Practice Management 101 course will provide a good understanding of how to manage practice expenses especially for small practice administrators and those new to management. It is a course designed to meet the challenges we face in an ever changing medical environment.”
Frank J. Chapman, M.B.A.
Chief Operating Officer
Ohio Gastroenterology Group, Inc.
Central Ohio Endoscopy Center, LLC
“ 'I just don’t have time to think at work!' We have heard this time and again from small group managers and endoscopy centers. This is the time for you to pick up some ideas to help you every day in your job. Whether you just want to validate your own operations or ask specific questions about your office or endoscopy center, this IS the opportunity to do just that!"
Roger Franck, MHA
Endoscopy Center of North Mississippi
“There have been major changes to GI upper endoscopy reimbursement in the past year, and we anticipate additional changes for 2015. GI practices will need to seek other revenue sources and control costs to meet these changes. This course has been designed to examine the critical areas of the GI practice (clinic and endoscopy staffing, mid-level provider utilization, and cost centers analysis) and to identify ways to improve operations and control costs."
Barbara G. Tauscher, MHA, FACMPE
Director of Operations
Gastroenterology – South Division
The Oregon Clinic
Oregon City, Oregon