Question

for CLINICAL OFFICE MANAGEMENT in clinical office What is the market for these types of facilities? Are there many of them across the country? What about Florida?

Answer 1

The majority of physicians at private practices are not trained to run a business. Clinical office management comes to rescue. It is a diverse area of services. It includes following essential elements:

• Employment preparation
• Medical office procedures and records
• Management skills
• Medical assisting
• Electronic medical billing
• Medical coding and insurance
• Medical terminology ( anatomy and physiology)
• Computer literacy and applications
• Externship
• General education

Clinical office managers are responsible for the administrative and managerial tasks needed to keep offices and clinics running effectively and efficiently. The Clinical Manager's work to plan, coordinate, manage and evaluate the activities of a multidisciplinary team. Medical office managers manage tasks like purchasing and maintaining equipment, overseeing billing and collection, making personnel decisions, training staff and planning budgets. Another increasingly important task that medical office managers need to oversee is the transition of health records from paper to electronic format. An efficient clinical office manager must have Understanding of medical ethics and privacy laws, leadership, communication skills, work delegation.

According to the U.S. Bureau of Labor Statistics (BLS), employment in this field is expected to grow 20% from 2016-2026. The median annual salary for medical and health services managers in May 2017 was $98,350, according to the BLS.

Healthcare market is expected to grow even further in the future. The reason is simple. Healthcare system is improving globally and in developed countries even further. As per Centers for Medicare & Medicaid Services (CMS), in the United States, national healthcare spending is projected to grow at an average rate of 5.5% per year during 2018-2027, to reach nearly USD 6.0 trillion by 2027. Healthcare spending is projected to grow 0.8% faster than the GDP per year, over 2018-2027. As a result, the healthcare share of GDP is expected to rise from 17.9% in 2017 to 19.4% by 2027.