The article “Stayin’ Alive: How Private Practices Can Survive Regulatory Risk And Fines” by Randy Sadler, published in Medical Economics, provides valuable insights and strategies for private practice owners to protect their practices from regulatory risks and fines. With the increasing financial pressures and evolving regulations in the healthcare industry, Sadler emphasizes the importance of proactive risk management measures such as conducting internal audits and exploring innovative solutions like captive insurance. In addition, this thought-provoking article presents actionable strategies to empower private practice owners to stay ahead of regulatory risks and fines, making it a must-read for healthcare professionals seeking to safeguard their practices in today’s complex healthcare landscape.
Innovative Strategies To Bolster The Success Of Your Private Practice
- Staying aware of regulatory changes
- Know your unique risks
- Stay aware of the coverages you need
- Consider captive insurance