A Physician Who Owns a Medical Practice Decides His Malpractice

question 22

Multiple Choice

A physician who owns a medical practice decides his malpractice insurance is too expensive and drops the policy. Which of the following aspects of this physician's practice will impact the physician the most?

• A) attracting new patients
• B) attracting competent staff
• C) receiving payment from insurance companies for services provided for patients
• D) maintaining membership in physician organizations
• E) having hospital privileges

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Definitions:

Research And Analysis

A systematic investigation and study of materials, sources, etc., in order to establish facts and reach new conclusions, often used in various professional fields.

Growth

Achievement of a critical mass in the business, a point at which an adequate living is provided for the owner and family, with enough growth remaining to keep the business going.

Success-Disengagement Stage

A phase in the lifecycle of a business or career wherein achieving substantial accomplishments leads to reduced engagement or stepping away from active roles.

Supervision

The act of overseeing and managing the performance and productivity of employees to ensure tasks and objectives are accomplished.