• Practice Options for Mississippi Physicians

    Recently two independent journals, Physicians Practice and Wallet-Hub, named Mississippi as the best state to practice medicine in the U.S.

    Both publications cited several key factors that can affect a medical practice’s financial health such as: cost of living, disciplinary actions taken against physicians, and tax burden per capita.

    Physicians, in all stages of practice, have numerous practice options including working at a clinic or hospital, ownership or partnership in a private practice, and academic medicine.

    Contract Negotiation

    Physicians can find valuable advice regarding employment contract negotiation at the American Association of Family Physicians website. Points of interest include compensation models, salaries statistics and trends, and career planning tools. 

    Solo Practice Doctors
    This checklist for starting a new medical practice and questions to ask before you join a medical practice offer useful tips.

    The American Academy of Family Physicians has created an interactive website that is geared to doctors interested in solo and/or small practices.  A wide range of topics include relevant ICD-10 resources, government regulations, payment issues and more.  Browse here for more information. 

    Medical Practice Management
    In order for your medical practice to flourish, you (and your staff) must be well versed in current regulations, financial management, and more. 

    The American Medical Association offers practice management solutions and tools as part of their online resource center. Topics include current information on procedural terminology coding, medical billing and insurance, clinical quality and patient safety, the physician payment schedule for Medicare, and HIPAA information. 

    State Resources
    The state’s official website, MS.Gov, publishes a Business Quicklinks  page that includes information including financial assistance, business publications, professional licensing information and much more. 

    The Mississippi Development Authority’s Entrepreneur Center @ MDA, is a bureau within the Existing Industry and Business Division. The Entrepreneur Center provides financial, marketing, management, and technical assistance to new and existing small businesses. Services are offered at no charge.

    Business tips, including tax advice and resources, online programs, and advice on how to protect and secure your patient information can found at Mississippi’s Better Business Bureau

     

     

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