Book on the business side of medicine

The Medical Entrepreneur Pearls, Pitfalls and Practical Business Advice for Doctors (Nano 2.0 Business Press 2010) was written to help physicians, residents and medical students prepare for the business side of private practice. "In medical school curricula there is barely enough time to cover all the necessary medical courses so there certainly is no room for teaching the business of medicine," says Dr. Steven Hacker, author of The Medical Entrepreneur and a successful physician entrepreneur. "Yet, the day we graduate we are expected to sign a contract and compete for medical business. It is a bad career move," Dr. Hacker maintains.

"Medical students and most doctors enter private practice completely unprepared," Dr. Hacker says. That is where Dr. Hacker's book, The Medical Entrepreneur Pearls, Pitfalls and Practical Business Advice for Doctors steps in. It is a step-by-step guide for being successful in private practice and helps physicians become better entrepreneurs.

The first part of the book teaches doctors how to bill, get paid, read a contract, negotiate with insurance companies, hospitals and other physicians, evaluate electronic health record systems and practice management software, apply for hospital privileges, comply with licensing requirements, set-up, promote and market their practice.

The second part of the book teaches physicians how to become physician entrepreneurs. "Many doctors are creative and want to commercialize their research or start a new business. The book teaches what medical school doesn't, such as how to raise capital, negotiate term sheets, understand financials, protect intellectual property, and take an idea from concept to an operating business," Dr. Hacker says.

Unlike other medical books, The Medical Entrepreneur includes cost-saving legal advice from leading attorneys highlighted as "Stat Consults".

"Would a surgeon enter the OR unprepared? No. So, why would a doctor enter private practice unprepared," Dr Hacker points out. "In these times of cost cutting healthcare reform, it is critical for every doctor to read The Medical Entrepreneur to understand their bottom line and save money," Dr. Hacker concludes.

The Medical Entrepreneur book costs $19.95 and includes shipping if purchased from www.TheMedicalEntrepreneur.com . It is also available at Amazon.com and soon Kindle versions will be available.