Whether you’re a solo family medicine practice owner, a member of a multispecialty group practice, or an employee of a large hospital or health system, you want a working knowledge of what it takes to run a medical practice. Managing a family medicine practice, in particular, can cover a lot of territory, so being able to draw on a reliable collection of practice resources can bolster your efficiency, raise the level of care you provide, and greatly enhance your professional satisfaction.
Come to the AAFP Innovation Lab to learn about the latest proven technologies that your colleagues are using to slash administrative burden. The Innovation Lab partners with leading companies to study their tools under real-world conditions in practices like yours and create the innovation you're looking for with advances in health tech, like AI assistants for documentation and clinical review.
Steer clear of penalties by staying on top of four key federal regulations that focus on avoiding fraud, abuse, and privacy violations—the Anti-kickback Statute, the Stark Law, the Health Insurance Portability and Accountability Act (HIPAA), and the Information Blocking Rule. You can also simplify compliance with HIPAA by learning how to apply for a National Provider Identifier, and by using customizable Notice of Privacy Practices and Business Associate Agreements templates.
If you operate a laboratory in your practice, you'll want to stay up to date on the Clinical Laboratory Improvement Amendments (CLIA) of 1998. Keep your lab in line with all the CLIA standards: lab classifications, waived and provider-performed microscopy tests, changing laboratory status, personnel requirements, physician office laboratory director duties, quality assurance, procedure manual preparation, testing compliance checklists, inspections, and record-keeping. And remember, when it’s time to seek or renew your clinical lab accreditation, AAFP members receive sizable savings on COLA programs and services, plus other benefits.
So many things affect how much revenue your practice generates. The way your choice of practice model puts a value on the care you deliver may be the most important. Some other factors that help ensure you’re fairly and equitably paid for the services you deliver include accurate coding that fully captures the services you provide and the Medicare options that are available to you. Even if you’re not responsible for everyday business operations, it’s still a good idea to understand the concepts that contribute to your practice's financial success, like revenue cycle management, days in accounts receivable, adjusted calculation rate, and denial rate. As a member, you can access topic-based practice management videos, information, and best practice tips for help.
If you're exploring financial concepts because you're starting a practice, this comprehensive workbook offers pointers on considerations like expenses, risks, and revenue assessment. If you're thinking of closing or selling a practice you own, you can learn about financial details and deadlines you’re likely to encounter.
When caring for patients is your life’s work, quality is everything—and you want to measure it accurately. Learn how to identify and implement quality measures that deliver reliable results, and stay up to date on the common measures that produce information you can act on.
From there, you'll be ready to move into a more structured quality improvement system—one that lets you consistently evaluate and leverage feedback from the measurement process to create meaningful practice change and gauge your success.