The Complete Business Guide for a Successful Medical Practice

This text provides physicians with the basic business skills in order for them to become involved in the financial aspect of their practices. The text will help the physician decide what kind of practice they would like to join (i.e. private practice, sma

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The Complete Business Guide for a Successful Medical Practice

Neil Baum • Roger G. Bonds Thomas Crawford • Karl J. Kreder Koushik Shaw • Thomas Stringer • Raju Thomas Editors

The Complete Business Guide for a Successful Medical Practice

Editors Neil Baum Department of Urology Tulane Medical School New Orleans, LA, USA Thomas Crawford Prostate Disease Center University of Florida Gainesville, FL, USA Koushik Shaw Austin Urology Institute Austin, TX, USA Raju Thomas Department of Urology Tulane Medical School

Roger G. Bonds PhysicianCareerAdvisor.com American Academy of Medical Management Atlanta, GA, USA Karl J. Kreder Departmentof Urology University of Iowa Iowa City, IA, USA Thomas Stringer Department of Urology University of Florida Shands Health Center Gainesville, FL, USA

New Orleans, LA, USA

ISBN 978-3-319-11094-3 ISBN 978-3-319-11095-0 (eBook) DOI 10.1007/978-3-319-11095-0 Springer Cham Heidelberg New York Dordrecht London Library of Congress Control Number: 2014954622 © Springer International Publishing Switzerland 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)

Foreword

If you are like most physicians, you will spend only a few hours in training learning about business and a lifetime learning the hard way. During my MBA training at the