WELCOME TO MO 270!!WELCOME TO MO 270!!

LET’S MAKE THIS A LET’S MAKE THIS A GREAT TERM GREAT TERM TOGETHER!TOGETHER!

YES! THERE ARE RULES IN YES! THERE ARE RULES IN SEMINAR!SEMINAR!

Arrive early and be prepared Arrive early and be prepared to discuss the items listed on to discuss the items listed on the agenda. (the agenda. (course home page and course home page and

announcements)announcements)  You may arrive 15   You may arrive 15 minutes early to Seminar. minutes early to Seminar.

Seminar RulesSeminar Rules

If you arrive late to seminar, get If you arrive late to seminar, get bumped out due to technical bumped out due to technical difficulties and come back in, or difficulties and come back in, or decide to leave early, please decide to leave early, please do do not announce yourselfnot announce yourself or or apologize to the class. It is very apologize to the class. It is very distracting for the class and me. distracting for the class and me.

Seminar 1Seminar 1

If you have a question,If you have a question,

type type "QUESTION""QUESTION" in seminar.  It is viewed in seminar.  It is viewed the same as raising your hand in class. the same as raising your hand in class.

You You mustmust Follow Netiquette guidelines at Follow Netiquette guidelines at all times.all times.

  If you have a technical problem, please If you have a technical problem, please contact Tech Services at 1-888-747-6710 contact Tech Services at 1-888-747-6710 then email me directly after the class and then email me directly after the class and explain what happened.  explain what happened. 

Have fun.Have fun.

ANY QUESTIONS SO FAR?ANY QUESTIONS SO FAR?

The Life Cycle of a Medical The Life Cycle of a Medical PracticePractice

Stage 1: IntroductionStage 1: Introduction Stage 2: GrowthStage 2: Growth Stage 3: MaturityStage 3: Maturity Stage 4: DeclineStage 4: Decline Stage 5: RevitalizationStage 5: Revitalization

Forms of Medical Business Forms of Medical Business OwnershipOwnership

Sole Sole ProprietorshipProprietorship

PartnershipPartnership

CorporationCorporation

THE HEALTHCARE THE HEALTHCARE PROFESSIONALPROFESSIONAL Advantage of a sole proprietorship? Advantage of a sole proprietorship?

Privacy, flexibility, tax advantages, Privacy, flexibility, tax advantages, NO others work with you/Dr.NO others work with you/Dr.

Partnerships can be good but the Partnerships can be good but the disadvantages are: life cycle is disadvantages are: life cycle is limited, can have management limited, can have management problems, and personality conflicts.problems, and personality conflicts.

Incorporating, means: limited liability, Incorporating, means: limited liability, unlimited span or life cycle of unlimited span or life cycle of business, BUT high taxes are a business, BUT high taxes are a disadvantage.disadvantage.

THE HEALTHCARE THE HEALTHCARE PROFESSIONALPROFESSIONAL Types of

Corporations Open Closed Non-profit Single person

The Future of Health CareThe Future of Health Care

CostsCosts

QualityQuality

AccessAccess

QUESTIONSQUESTIONS