Debra Oselett – Useful Tips for Professional Leaders or Managers

Debra Oselett is a dedicated individual with the drive to succeed no matter the endeavor placed before her. She is currently serving as a practice administrator for a medical office, which is a position she has held for almost a decade. She is responsible for many of the daily administrative duties that go along with running a medical office, including developing and implementing important policies. Before starting the position in 2008, she operated her own business called Balanced Pennies, which offered full accounting services to small businesses. She understands what it takes to manage an office, and what it takes to lead others down the path toward professional success.

Debra Oselett understands the difficulties that come with being in a leadership or management position in the work place. She has over twenty years of management experience, and she knows how to enhance performance amongst her employees. In her current position, she oversees and coordinates a staff consisting of forty members on daily basis, along with other management duties as well. Here are some useful tips for other professional leaders.

In order to be a successful leader, you have to learn to manage with understanding. As a manager, your employees will have to come to you with both good and bad news, which means you need to be approachable in order to get updates fast. Unfortunately, bad news can be the most important information you receive during the day because the faster you get to it, the faster you can fix it. Don’t get overly upset when mistakes are made; take the opportunity to learn.

Successful leaders and managers will also be able to adequately provide incentives for better work. This requires that you figure out what your employees want, or how best to motivate them to do perform their jobs at a higher level. Often, managers don’t have the ability to raise employee wages, but they do have the opportunity to provide other ways to compensate people for the amount of work they put into a task.

Lastly, a successful manager will be able to display trust in their employees. As any professional in a leadership position already knows, trust is the key to motivation; if your employees don’t feel trusted, their motivation will be lacking and work productivity will suffer as a result. Be careful not to micromanage your employees as they complete daily tasks, but always be available to answer questions or offer guidance when it’s called for. There is a fine line between managing and micromanaging, which often depends on your employees and how they work best.

Debra Oselett, as a practice administrator, understands the value of strong leadership without being too overbearing. She strives to find the balance between solid management practices, but allowing her employees space to complete their tasks on their own.

Debra Oselett – Medical Administration

As Debra Oselett and other skilled office administrators know, medical practice administrators have multiple, essential responsibilities that must be performed accurately for a medical office to be profitable and operate successfully. Without a smart, knowledgeable medical administrator, a doctor’s office can quickly lose clients and money.

Individuals in medical administration assist in various levels of a doctor’s office, such as patient coordinator to unit secretary to medical office specialist. A medical administrator’s job responsibilities can vary widely, but often include checking in patients, organizing patient records and charts, answering the phone, scheduling appointments, operating computer and technological equipment in the office, transferring lab results to the proper locations, and maintaining the supplies for the office itself.

Medical administrative roles can vary by position, as a medical administrator for a clinic will have different responsibilities than one in a private practice or hospital. An administrator’s position will be less stressful and more consistent in a clinic; a position in private practice will require more prioritization skills, such as multitasking; and an administrator in a hospital setting must be calm, able to ease anxious, panicked patients, and able to handle emergency situations with aplomb. It’s also critical for a hospital administrator to be able to quickly identify her role in unexpected emergencies.

Experienced medical administrators like Debra Oselett of Rochester Hills, Michigan, are tasked with the serious responsibility of keeping the medical office operating smoothly, whether it is a hospital, clinic, or private practice. Without skilled medical administrators, doctor’s office would not be able to function efficiently.

Source: http://www.rasmussen.edu/degrees/health-sciences/blog/what-does-a-medical-administrative-assistant-do/

 

Debra Oselett – Medical Office Budgets

Many successful medical practice administrators, like Debra Oselett, know that one of the core components to running a profitable medical office or business is to be superior at budgeting. Budgets serve as a measurement for doctors and staff to evaluate financial performance and identify operational concerns that need further attention.

One method of medical office budgeting that emphasizes clarity is the process of separating the variable revenues, those streams that change month to month, from the fixed revenues, those that are more consistent on a monthly basis. The office administrator can look at all large revenue streams and group them initially in larger categories; eventually, these larger categories can be dispersed into smaller, more specifically labeled groups. The administrator will look closely at the revenue streams and examine the adjustments to revenue in particular, due to the regularity of collecting much less than the amount charged to insurance companies. Additionally, this step is also one that addresses any refunds credited to clients.

The second aspect of this budgeting approach is the evaluation and record of expenses. Keeping track of expenses can be difficult, but is an important part of proper budgeting. Knowing how much is being spent helps you to learn where it is being done so in excess. An administrator for example, will divide the expenses into variable and fixed sections. Typically, the difference between these two categories can be determined by examining what expenses would terminate if the medical office were to close for a month. Expenses involving staff (clinical ad office), utilities, maintenance, and office supplies would therefore count as variable expenses.

Fixed expenses include those that would be unchanged if a medical office were to close for thirty days. These expenses many include advertising expenses, loan repayments, fixed management salaries, subscriptions or dues, and lease payments. The breakdown of variable and fixed expenses will vary from medical practice to medical practice.

The next step involves that office administrator defining the net income, or the total expenses subtracted from the total revenues. The net income is what determines the profitability of the medical practice or office.

Office administrators like Debra Oselett who desire a successful, profitable office and practice always create a budget, follow it, but also revisit and revise it if necessary every year. Forecasting revenue and expenses can also help a savvy office administrator better prepare and create the yearly office budget. Administrators often look to technological platforms to make the process of recording and using revenue and expense information more readily and easily. Also, monitoring the budget of a frequent basis can keep the administrator apprised to how close or far the practice is from the forecasted budget. Finally, many administrators also keep a line of credit available to help alleviate any unexpected cash flow issues.

Sources: http://medicaleconomics.modernmedicine.com/medical-economics/news/modernmedicine/modern-medicine-feature-articles/6-keys-profitability

http://www.vantageclinicalsolutions.com/blog/2009/10/07/medical-practice-management-101-creating-a-medical-practice-budget/

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 – Volunteering With Meals On Wheels

Debra Oselett has always enjoyed helping other people. When she isn’t busy working as a practice manager, she can be found volunteering with the Meals on Wheels charity. Volunteering with this organization is a great way to help other people.

Find A Charity

There are many different Meals On Wheels charities in the country and there is likely one close to you. Do some research to find out which organization is closest to you and what area they serve.

Find The Time

You should be able to volunteer a few hours a week to help with the charity you choose. Check your schedule to see which days work best for you. The charity will benefit from someone who can be consistent so try to do so if at all possible. You may even want to create a small schedule to help you keep track of your volunteer time.

Find A Role

What can you do to make the charity or organization more successful? You may have certain skills that can help the people who work at Meals On Wheels. Once you have found a charity to work with, ask them what you can do to help and let them know about your skills and strong points.

If you are looking for a way to help other people in your community, you may want to consider volunteering with the Meals on Wheel organization. Even volunteering just a few hours can make a big difference.

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