Volume 18 - Issue 2 - February 2005
Two podiatrists meet for dinner and one raises the possibility of merging their practices. “Why do we have two offices, two billing systems and two complete staffs?,” one may ask. “We each need another provider but not full time, and we each pay a different accountant to do the same thing. Is there something here that would make more sense?”
“Mergers and acquisitions.” That was the hot phrase we read about in the ‘80s and ‘90s. People often equated this phrase with larger market share, fewer expenses and more profit. Sometimes it was an
Diabetes Watch »
The field of advanced wound care science continues to deliver new products and concepts for use in healing problem wounds of the lower extremity. The market now includes two living cell products and numerous biologically active products that are the result of bioengineering research and development. The real advantage of these new technologies is that we can now actively stimulate healing whereas most of the prior advances in wound care simply helped to optimize the wound environment.
This ability to interact with the wound base and stimulate the producti
I recently attended a seminar at a posh ski resort in Sun Valley, Idaho. The cost of transportation and lodging favored an older segment of our profession who were done paying off student loans and past worrying about productivity and overhead. It was refreshing not to hear about financial problems and the stress that plagues younger doctors.
I have known many of these podiatrists for the past 30 years. Ten years ago, we were talking about the terrible cost of college education and how our kids were making us go broke. Now we talk about the careers our ki
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