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Most family practices, as well as the vast majority of specialty practices, have overhead rates between 25% and 40%. However, rates vary significantly depending on the type and location of the practice, and can go from less than 10% to 70%. Typically, staffing and occupancy costs are the two largest expenses and normally account for the overhead variances among practices.
Most provincial health ministries, departments and medical associations have useful data on fees paid to all groups of physicians and surgeons that can help you answer this question.
Our PMC module 14 on
staffing and human resources issues will help you develop the skills to manage your office staff. It will also provide you with a greater appreciation of the challenges you face as an employer.
Yes. It is extremely important to outline the responsibilities of each party in a formal employment contract. We also recommend that this contract is drafted or reviewed by your lawyer. Some of the common clauses we recommend include:
There are numerous factors that must be considered, such as:
Yes. Entering into a business relationship of any type should always be accompanied by a formal, written contract, which has been vetted with legal counsel. The contract should include cost-sharing arrangements and "what if" scenarios.
CMA and/or its subsidiary company Joule.