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Owning an ophthalmology practice is now far more complex

ByJohn B. Pinto

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Here's just one dimension. Forty years ago, your medical record was a 2-cent 5 x 7 inch card with the scrawl, "Patient doing fine; see in 1 year." Before long, you may need a half-million dollar EMR system and an on-call IT expert. That's just the start. New legal and regulatory demands are around every corner, with higher penalties for error. Payer contracting nuances abound. There are myriad new clinical procedures to stay current with. Fast-accelerating technology upgrades are getting harder and more costly to keep up with. Patient demands are rising. Count on more of the same for the rest of your career. Make sure you're hiring detail-oriented managers and staff to stay on top of it all.

Get more expert perspective from John Pinto live at Hawaiian Eye 2010, to be held January 17-22, 2010 at the Grand Hyatt Kauai. Learn more at OSNHawaiianEye.com.