You’re a Doctor, Not a Business Magnate. But Why Not Be Both?
By Robin Rumancik


It takes more than great patient care to operate a successful medical practice.

As a physician you know the ins and outs of medicine, but for a small practice to thrive, you also need a solid understanding of the fundamentals of running a business.

Don’t let the business of medicine bog down your practice.

The Texas Medical Association’s publication Business Basics for Physicians can help provide the skills you need to run a successful medical practice, including:

  • Best practices for hiring and staff management;
  • Strategies for budget development; and
  • Steps for building administrative policies and procedures.

The publication also can help you address your accounting and financial management responsibly, build both long- and short-term business plans, effectively work with payers, and utilize the latest practice management technologies efficiently.

But that’s not all. The publication is also accredited for 3.5 AMA PRA Category 1 CreditsTM and 3.5 Ethics credits.

For more help with the business of medicine, visit TMA’s Business of Medicine Resource Center, contact the TMA Practice Consulting team, and explore our related CME programming.

Last Updated On

October 23, 2019

Originally Published On

October 23, 2019