Debra Oselett has been working as a practice administrator at a private medical practice in Rochester Hills, Michigan since 2008. She was born in Detroit, Michigan but grew up in Madison Heights, a suburb of Detroit. Debra Oselett studied accounting at Oakland Community College and founded her own accounting firm which she ran for ten years before taking up the job as a practice administrator.
There is no doubt that the job of a practice administrator is quite demanding and difficult, and as expenses and competition increases, administrators must be prepared to effectively lead. Here are some challenges practice administrators face in the workplace.
Recruiting Healthcare Professionals
With the shortage of healthcare professionals, hospitals have to pay more for employees they hire. According to the Bureau of Labor Statistics, between 2008 and 2018, the healthcare employment rate is set to grow by 23 percent, compared to nine percent for other sectors. This puts pressure on practice administrators to find ways to address the shortage of staff and compete for the best qualified and trained healthcare professionals.
Specialize for Growth
In the last few years, there has been a rapid increase in the number of specialty hospitals, diagnostic centers, physician-run outpatient surgery centers, and this has put increased pressure on traditional hospitals. In order to compete for patients, practice administrators have to set their practice apart by offering specialized care. While offering specialized care is important, hospitals need to investigate other specialty healthcare centers in the community and find areas of opportunity and tap into it. Practice administrators have to come up with specialized strategies to recruit the best-qualified professionals and build a strong reputation for the practice area.
Debra Oselett studied accounting at Oakland Community College and later founded her own accounting firm. She managed her firm for ten years and helped small businesses manage their accounts. She is well acquainted with both Peachtree and QuickBooks accounting software and knows how important it is for businesses to maintain proper accounts records. Debra Oselett has several years’ experience in working with small businesses helping them maintain their records. Here are some simple accounting tips for small businesses.
Keep it Separate
If you have just started a new business, you must ensure to keep business expenses separate from your personal expenses. Do not try to pay for personal things with your business credit card and then balance things out later, if you try to do this, you will end up in trouble. Though there is some accounting software that can account for crossover expenses, it is recommended to keep business and personal finances separate.
Hire a Professional
It might be better if you hire a professional accountant to handle the accounting work in your business. While you can do the books yourself, it would be easier to let a professional handle the job and you can focus on building your business. An accountant will most certainly find deductions and keep you penalty-free. You can save yourself a lot of stress and trouble by having a professional handle your accounts.
Debra Oselett managed her accounting firm for ten years and helped several small businesses manage their accounts.
Debra Oselett was born in Detroit, Michigan and grew up in Madison Heights, a suburb of Detroit. She studied accounting at Oakland Community College and founded her own accounting firm to help small business owners manage their accounts efficiently. She worked in her business for ten years before making the switch to work as a practice administrator of a private medical practice in Rochester Hills, Michigan.
Working as the practice administrator, she quickly realized that while her accounting and management skills were much needed for the job, she has to learn new skills to be able to become an efficient practice administrator. Through hard work and dedication, she acquired the necessary skills to be successful in her job and has built a successful career for herself as a practice administrator.
Debra Oselett is experienced and has skills relating to managing accounts payable, accounts receivable, and working with insurance companies to settle bills. Though she has worked in the accounting and management arena for ten years before taking up the job as a practice administrator, she did not anticipate how much the healthcare industry would change. Reforms in the healthcare industry forced her and her staff to reconsider how physicians are credentialed with insurance companies. This was one of the biggest challenges she had to implement working as the practice administrator.
Debra Oselett has implemented several solutions that have enabled her employers to adapt to the new healthcare reforms in the United States. She works closely with her staff and ensures that they are up-to-date on the latest policies and reforms affecting the industry.
Debra Oselett has been working as the practice administrator at a private medical practice in Rochester Hills, Michigan since 2008. She was born in Detroit, Michigan but grew up in Madison Heights, a suburb of Detroit. Debra Oselett took accounting classes at Oakland Community College and later founded her own accounting firm to help small businesses balance their accounts. After managing her accounting business for ten years, she joined a private medical firm as the practice administrator. Here are three skills every practice administrator should have.
Transformer and Change Advocate
A practice administrator has to have a dynamic set of analytical and investigative skills to be able to bring about the kind of transformation the medical practice needs in a fast-changing environment. Practice administrators should watch out for “analysis paralysis”, a condition where you could get stuck and not move forward just because of the high quantity of analysis that gets in the way of making a decision. Practice administrators will have to make foundational, compositional, and structural changes if they want to see the practice become successful.
Tune in with Business Culture
As healthcare organizations network and affiliate with each other, the difference in their culture will present a challenge and opportunity for practice administrators to understand cultural gaps and develop their management skills to bridge the gaps. They will need to master the ability to listen, observe and analyze their findings.
Adapt to Accountability Changes
Accountability is an important skill that practice administrators will need to develop. To whom you are accountable, and who is accountable for what will take on a completely new meaning. Unlike the traditional administration system, administrators will most probably report to the vice-president instead of to the board or executive committee.
Debra Oselett is the practice administrator for a private medical practice since 2008.