Debra Oselett – Tips for Operating Your Own Business

Debra Oselett is currently serving as a practice administrator for a medical office in Michigan. Before she began working in the position in 2008, she operated her own company in the accounting industry called Balanced Pennies. Operating her own business gave her the experience she needed in her current position. Here are some tips for business owners.

Start with a solid plan. All new businesses need a plan of attack in order to be successful. Most business owners will find that they don’t have enough capital to get their company up and running on their own, which means they will need to attract investors and earn loans from the bank. You’ll need to show both investors and banks that you have a plan for the future that is viable for your business.

Make the customer priority number one. If you want to operate a successful business, you have to be thinking about the client, no matter the industry you operate in. Do your research regularly, even after your business is up and running, in order to stay ahead of market changes that impact customer wants and needs. You also need to put a good amount of time into developing a customer service strategy.

Think about the future. Every successful business owner has a plan to grow, which means developing products, looking for larger office spaces, or even diversifying your product inventory. The more research you do on your industry, customers, and market, the more equipped you’ll be for growth.

Debra Oselett understands the process of starting and operating a successful business in a competitive industry.

Debra Oselett – Management Tips for Professionals in Any Field

Debra Oselett is a dedicated individual with the drive to succeed through her career, and help people in the process. She is currently serving as a practice administrator, or medical administrator, for an office consisting of forty staff members. She has been working in the position since 2008, when she sold her accounting company called Balanced Pennies. She started the company in 1998, and it gave her the experience she would need in order to manage a major office. Being an accountant has given her a respect and understanding of the need to budget, take inventory, and figure out ways to run a business as efficiently as possible.

For some, being a manager or professional leader can be difficult. Throughout her twenty years of experience, Debra Oselett has realized what it truly means to be a manager, implement policies, and essentially be responsible for all staff members. Her management skills enhance performance within her office. Here are some useful tips for managers or professional leaders in any field.

If you want to be a successful manager, you need to be able to lead through example. Your employees and staff members will be looking to you as their example of how to conduct themselves in the work place, which includes communication, work ethic, and your ability to take direction. Set an example for your employees that you would want to witness from your own manager, and understand that this is one of the best ways your employees can learn.

In addition to leading by example, you need to lead with compassion. Being approachable is extremely important as a manager because it means your employees are comfortable coming to you with problems, mistakes, or concerns. The more understanding you are when the situation calls for it, the more approachable you’ll be to your staff. For example, if someone comes to you with a mistake, don’t get upset; simply use the opportunity as a learning experience so it doesn’t happen again.

Lastly, make sure that your staff feels like you trust them with their responsibilities. A major mistake that a lot of managers make is that they don’t display trust. This tends to decrease productivity throughout the office due to micromanagement. Trying to control every aspect of a person’s job is an obvious sign you don’t trust them, which will also result in a lapse of motivation. Trust your employees to get their tasks completed on time, and up to the right quality standards.

Debra Oselett understands the importance of her position as a practice administrator, and she also understands that the role comes with active management responsibilities. She works hard in order to implement policies that will ensure that her office runs as efficiently as possible, and helps as many people as it can along the way.

Debra Oselett – Peachtree Accounting Seminars

Skilled medical practice administrators like Debra Oselett, of Rochester Hills, Michigan, are familiar with Peachtree accounting systems, software, and seminars. Because of the popularity of Peachtree, medical administrators are wise to be as familiar with the program as is possible.

Peachtree accounting courses and seminars assist medical administrators in becoming quickly accustomed to the software. Peachtree, or Sage 50, offers three distinct levels of training for administrators and managers. Beginner seminars often start with reviews of the basics, like bookkeeping. The next steps covered pertain to new company set-up to introduce and then review aspects of the program such as data file modification and entry, including employees, inventory, vendors, customers, and accounts that need to be reviewed. Other areas covered in the beginner’s seminar are: payroll, accounts payable, accounts receivable, inventory, and general ledger.

The intermediate Peachtree/Sage 50 course builds upon all of the previously mentioned office and accounting functions at a higher level, including sections dedicated to balancing and reviewing the aforementioned sections. The Peachtree/Sage 50 advanced seminar offers guidance on the basic and intermediate level material, but also addresses more complex subjects like security; forms, reports, and financial statements; payroll; special procedures; backup utility; and time ticket employees.

Debra Oselett and other office administrators and managers are experienced in working with the Peachtree/Sage 50 accounting systems and have used them for many years to successfully operate medical offices. Superior and meticulous accounting skills are a must for a medical practice administrator in order for the office he or she operates to be profitable and respected.

Source: http://www.cpatrainingcenter.com/Peachtree-Software-Training.asp

 

Debra Oselett – Reasons To Become A Practice Manager

Debra Oselett has been working as a practice manager for several years. She enjoys working closely with people and helping practices become more organized and function better. If you are looking for a rewarding career, consider the many reasons to become a practice manager.

Improve A Practice

If you are aware of a practice that needs your help, it may motivate you to become a practice manager. You need to have the desire to want to improve a practice and the knowledge to make it happen.

Improve The Lives of Others

When you work as a practice manager you will be doing things to improve the lives of the people who work in the practice and the patients who go there for care. You should be dedicated to improving the lives of everyone you work with.

Enjoy The Work

When you decide to become a practice manager, you need to enjoy the actual work. You may spend a lot of time working with people, planning meetings, sitting behind a desk and doing other similar tasks. If you do not enjoy this type of work, you may want to consider a different career. If you do enjoy it, you may thrive as a practice manager.

Becoming a practice manager has allowed Debra Oselett to help people and make a living doing something that she loves. If you are thinking about becoming a practice manager, consider the benefits and reasons you may want to move forward and pursue such a career.

 

Debra Oselett – Challenges Practice Administrators Face in the Workplace

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 – Simple Accounting Tips for Small Businesses

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.

Source: http://www.forbes.com/sites/theyec/2012/10/24/5-simple-tips-to-keep-your-small-business-finances-in-order/#78e935b01a80

 

Debra Oselett – Experienced Practice Administrator

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 – Three Skills Every Practice Administrator Should Have

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.

Source: ​http://www.mgma.com/blog/5-new-skill-sets-for-the-modern-practice-administrator

​

Debra Oselett – Dealing with New Challenges as Practice Administrator

Debra Oselett is a practice administrator for a popular and much relied-upon private practice in Rochester Hills, Michigan. She used her excellent skills as an office organizer and manager, as well as her skills as an accountant, to help the practice build its patient base while continuing to provide excellent care to all of its regular patients. As a practice administrator in the era of Obamacare, as well as other massive changes to the healthcare system, Oselett and other healthcare administrators have to deal with these three unique challenges:

Bringing in new talent. Healthcare workers are in high demand across the country. Debra Oselett tries to ensure that any new healthcare professional, from technicians to nurses to physicians and specialized doctors, she brings in is the best she can find. Part of recruiting top talent includes making the facility the best place to work at in the area. Many facilities can offer top talent excellent compensation packages, so part of Oselett’s job is to think beyond the money and offer them more.

Specialize when possible. Specialized hospitals and medical treatment facilities are all the rage in the medical community right now. In order to compete with these facilities, Debra Oselett has to specialize some of the care at her practice. To gain patients, her facility has to offer services that few others can to set it apart.

Prepare for the Baby Boomers. All medical facilities across the United States will see more traffic as the Baby Boomer generation ages. With 78 million Baby Boomers set to hit retirement age in the coming years, practice administrators have to prepare their facilities for this massive rise in patients.

Debra Oselett works hard to overcome these challenges every day.

​