2009 AAOS Practice Management Symposium February 24, 2009 Las Vegas

Private Practice “Survival Manual” Challenges for 2009 and beyond: Declining Reimbursements Soaring Practice Expenses Emerging Technologies Relative Physician Shortage Increasing Government Interference Strained Hospital Relationships New Demands on Re-certification Disappearing Role Models

Challenges for 2009 and beyond:

Declining Reimbursements

Soaring Practice Expenses

Emerging Technologies

Relative Physician Shortage

Increasing Government Interference

Strained Hospital Relationships

New Demands on Re-certification

Disappearing Role Models

Private Practice “Survival Manual” Opportunities for the future: Developing New Sources of Ancillary Income Controlling Costs, Maintain Quality Building a Digital Practice Effective Contract Management Effective Practice Building Promoting Strategic Alliances Planning for the Practice of the Future

Opportunities for the future:

Developing New Sources of Ancillary Income

Controlling Costs, Maintain Quality

Building a Digital Practice

Effective Contract Management

Effective Practice Building

Promoting Strategic Alliances

Planning for the Practice of the Future

Private Practice “Survival Manual” Education is the Key Understand the challenges, deal with them effectively Evolve your practice to be more successful now, even better in the future Learn from the experience of others How to adopt effective strategies What to avoid

Education is the Key

Understand the challenges, deal with them effectively

Evolve your practice to be more successful now, even better in the future

Learn from the experience of others

How to adopt effective strategies

What to avoid

Private Practice “Survival Manual” It’s All About the Ancillaries What works, what doesn’t Take Home Lesson Drop your overhead 5% Increase Revenue 10% Increase your W2 - 20% What’s Said in Vegas, Can’t stay in Vegas

It’s All About the Ancillaries

What works, what doesn’t

Take Home Lesson

Drop your overhead 5%

Increase Revenue 10%

Increase your W2 - 20%

What’s Said in Vegas, Can’t stay in Vegas

AAOS Practice Management Symposium February 24 - Las Vegas It’s Just About Your Practice Life

It’s Just About Your Practice Life

See You There