How Outsourcing Services Can Benefit Your Practice: Considerations for a Busy Practice
View PDF Credentialing can be a tedious, time-consuming process. Outsourcing to someone with expertise can help. In recent years, credentialing has become much more important in any dermatology practice as insurance coverage is a priority for many people. Just a few years ago, that wasn’t the case, and people were more likely to pay out […]
Interviewing A Potential New Physician for Your Dermatology Practice
View PDF Getting the most from the interview process—and finding the best long-term fit—requires preparation. Finding a new physician to fill a vacancy in your dermatology practice can go smoothly, provided you’ve properly prepared. Sometimes the most daunting part can be the interview, as you anticipate the questions that will reflect all aspects of the […]
Finding the Right Provider for Your Practice
View PDF Follow specific guidelines and timelines to be able to acquire a provider that is well suited to your practice. Adding a provider to your team can be a daunting task. Competition is fierce for new physicians, especially ones with specialty training. Before you hurry off to list your position, take a moment to […]
Recent Developments
View PDF FDA APPROVES DERMIRA’S QBREXZA CLOTH TO TREAT PRIMARY AXILLARY HYPERHIDROSIS The FDA has approved Qbrexza (glycopyrronium) cloth, an anticholinergic indicated for the topical treatment of primary axillary hyperhidrosis in adult and pediatric patients nine years of age and older. Qbrexza is applied directly to the skin and is designed to block sweat […]
2018’s Annual Young Physicians Networking Event Recap
The Derm Society of New York hosted their annual Young Physicians Networking Event on May 17th, 2018 and it was a roaring success! It was held at L’Oréal Headquarters at the beautiful 10 Hudson Yards, 70th Floor Terrace, where over 100 guests including Dermatologists from all over the tri-state area and leaders in Dermatology gathered […]
Finding the Right Provider for Your Practice
OBJECTIVES Establish needs and goals for the practice Develop a new physician business plan Establish recruitment process How to create a retentive and motivating environment Discuss the impacts of an improper selection WHAT ARE YOUR GOALS? What does the practice need? What are the positives about the practice? What does the practice have to offer […]
Considering Selling your Dermatology Practice?
For most of us, our business is something we put a lot of love, work and dedication into. Usually the idea to sell a business does not come easily. Either a change in lifestyle, a required move, or other life event can make it necessary to sell your practice. In other cases, it might simply […]
Dear Derm Authority with Dr. Dendy Engelman
What was the most important lessons I learned my first years out in practice? Keep your eyes open, figuratively of course. In the field of medicine, things are changing so fast (yet so slow) so keep your eyes open and absorb every bit of information. Just because residency is over, it doesn’t mean you’re done […]
How do I build a strong CV in the age of social media?
Your CV is your advocate. It documents and credentials your accomplishments for someone who has never met you. It’s your pitch for an interview. Many hiring physicians are reading your CV on their phone! It must be concise, precise and easy to follow. The first step is to provide current contact information, phone, personal email […]
Laser Therapy Pre-treatment
Q: Do you often do pre-treatment with topical medications before the laser therapy, especially when you treat darker skin types? I heard that it is better to use retinoid + hydroquinone for 6 weeks before the laser treatment because lightning of dark color background will minimize the risk of burn. A: Practicing in South Florida, […]
Full Skin Exam with No History – how do you handle?
On initial visits when patients state coming in for only “skin cancer screening”, and not aware of any issues, or requests “full skin exam” and no significant personal or family history, how do you handle these? My office staff is great at briefing patients – We tell them to make sure to note any new […]
What Happens When Your Practice Is Purchased By a Private Equity Company?
Ron Lebow, JD A business attorney addresses an increasingly common question. Generally, you can expect to get a purchase price based on a multiple of EBITDA (Earnings before interest, tax, depreciation and amortization). A savvy seller will pursue opportunities to participate in additional upside following sale. Most venture capitalists and private equity investors are buying […]
What You Need to Prepare for Selling Your Medical Practice
Financials Business tax returns for at least prior two yrs and a year to date income statement Quantity, and collections by cpt code for year to date and the previous 2 or 3 years Prior years w-2s, 2 current pay stubs. 1099 income or any outside income along with employment agreements Staff w-2s and a […]
How Dermatologists Should Use LinkedIn
LinkedIn is the business professional of social media. If you have or are starting your own practice make sure to have a company page for the practice or add yourself as an employee. If you are looking for a position or looking to hire, LinkedIn is a great resource. Most profiles are public, so you […]
Treating Skin of Color Patients
What are the more common complaints or maladies that you see in skin of color patients and what resources do you recommend for new practitioners who want expand their understanding of them? The US population is growing and evolving and the clinical profile of the average patient presenting to the dermatologist is changing. One in […]