Debra Phairas is the president of Practice & Liability Consultants, LLC and a member of the National Society of Certified Healthcare Business Consultants.
The biggest mistake physicians must avoid in bringing in an associate is saying, "let's see how it goes as an employee and we will figure out the partnership terms in a couple of years."
More than ever before, physicians and managers are feeling the stress of running a practice. Though most medical schools do not teach business principles to physicians in residency, it is just as important to invest in education about the business side of medical practice as in the clinical aspects.
Approximately one in six physicians will be victims of embezzlement at least once during their lifetime. Here are some tips to protect yourself, and your investment, from this form of insider theft.