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 - Useful Tips for Entrepreneurs Starting a Small Business

Debra Oselett is a committed professional who enjoys being able to help others through her career as an administrator in the medical field. She is currently serving as a practice administrator who can boast of more than twenty years’ worth of management experience. She runs a medical office consisting for forty staff members, and she is expected to implement policies that will help the office run more efficiently. She also served as an accountant for ten years when she operated her own business called Balanced Pennies. The company was a full service accounting business that offered services to other small businesses in the area. Her experience no doubts plays a vital role in her present success.

Not only does Debra Oselett understand how to run an office as efficiently as possible, she also understands how to operate a business. Entrepreneurs who want to start their own businesses often run into problems because they don’t have the administration or management experience needed to run their company efficiently. Here are some useful tips for entrepreneurs who want to start their own small businesses, no matter the industry.

In order to successfully start your own small business, you need to have a plan. A business plan will help you create realistic goals based on how you want to run your company, and it will also show investors that you’re serious about the services you provide clients, as well as how you plan on providing them. Not only will a solid business plan attract investors, you’ll also be able to secure important loans for the bank in order to get your company off the ground.

As a business owner or future business owner, you’ll want to start the hiring process immediately. This will give you the time you need to find the right employees who share your enthusiasm for the company’s future in the industry. Take this process seriously, and don’t wait too long to start looking for the right people. You won’t just need to find employees, you’ll need to find office managers and administrators who can help you run the business from the front while you’re working behind the scenes.

Don’t stop thinking about the customer or client. When you’re operating a small business, the client or customer should be the number one priority. Customer needs and wants change frequently, which means you have to be thinking about them in order to anticipate their needs before they change. Market research is a good way to stay ahead of the industry, and it also gets you thinking about the customer in a more in-depth way.

Debra Oselett began her small business in 1998, and she implemented these strategies, among many others, in order to be successful in her market. Her experiences as a business owner have helped her in her current position as a practice administrator.

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
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Debra Oselett - Meaningful Use Stages for Medicare

Experienced medical practice administrators, like Debra Oselett of Rochester Hills, Michigan, must be familiar with the Meaningful Use program, which was instituted as part of the 2009 Health Information Technology for Economic and Clinical Health Act (HITECH). This program allows health care providers to show meaningful use of certified Electronic Health Records (EHR), which in turn earns incentive payments for eligible providers. 

The Meaningful Use program has been instituted to encourage the adoption of electronic health care records systems to create a widespread system that provides top safety, quality, and efficiency of health care in America. In order to be entitled to incentive payments, providers must do more than just adopt an electronic health records system; they must also prove the meaningful use of the system by meeting a certain number of objectives established by the HITECH Act. These incentive payments can range from $44,000 to $63,750 for Medicaid-directed meaningful use programs. Medical providers who do not adopt an electronic health record system and document meaningful use will receive less than 100% of their Medicare fee schedule for their services.

The EHR program applies to various medical statutes, one of which is Medicare. Using the Medicare Meaningful Use Incentive program will grant those monetary incentives to medical providers who have an EHR in place and have proof of meaningful use. That proof spans a range of thresholds for multiple objectives that can positively impact patient care. Those medical providers can earn up to $44,000 in incentives from the Medicare Meaningful Use program by meeting Medicare’s established criteria for five consecutive years. This program was implemented to help encourage high-quality medical practice. The EHR program have been shown to have a positive impact on the medical field, which is why so many steps have been taken to encourage it. In 2015, Medicare began penalizing those medical providers who had not implemented an EHR system by reducing those providers’ Medicare reimbursements. 

The Medicare Meaningful Use program considers the following as qualified for the EHR incentive: chiropractors, doctors of dental medicine and dental surgery, doctors of podiatric medicine, doctors of optometry, and doctors of medicine or osteopathy. This incentive program is not extended to most hospital-based providers, which are those providers with 90% or more of their services based in emergency or hospital inpatient settings. The exceptions to this rule are hospitals that are Medicare Advantage affiliated hospitals, subsection d hospitals, and critical access hospitals.

Debra Oselett and other prominent, skilled medical practice directors and administrators have a thorough knowledge of the Health Information Technology for Economic and Clinical Health Act, and especially the Medicare component and guidelines associated with it. An administrator’s familiarity with this act and its accompanying incentives can save the medical office significant amounts of money.

Source: 

http://www.athenahealth.com/knowledge-hub/meaningful-use/what-is-meaningful-use
http://www.athenahealth.com/knowledge-hub/meaningful-use/medicare
http://www.athenahealth.com/knowledge-hub/meaningful-use/medicare-criteria

Debra Oselett - Qualities Of A Successful Business Owner

Debra Oselett owned her own business for several years before she decided to start working as a practice manager. She was very successful and her success is due to certain qualities that she possesses. If you are thinking about becoming a business owner, you should determine if you have the qualities necessary to make that business successful.

Driven

A good small business owner will be driven to be good and make the business a success. There will be times when things seem impossible or may become too challenging, but a driven business owner will be determined to get past those challenges and carry on with the business.

Organized

Owning a small business can be difficult and one of the most important qualities a small business owner can possess is good organizational skills. Keeping a business organized will help it operate better and prevent any problems or challenges. It will also help business owners stay on track and keep the business running when a problem does occur.

Confidence

Business owners face challenges when they first start and as their businesses grow. You need to be confident in order to overcome these obstacles and push forward to make the small business successful. A good business owner will know how to tackles problems.

Owning your own business can be challenging. Debra Oselett knows that it takes a lot of hard work to make a business successful. Make sure you have the qualities of a successful business owner before you attempt to start one.

Debra Oselett - How To Become A Practice Manager

Debra Oselett has been working as a practice manager for several years. She enjoys her career and is thankful that she pursued the position. If you are interested in becoming a practice manager, these tips can help.

Attend College

You will need to attend college to earn your degree and obtain the knowledge needed to become a practice manager. You may want to pursue a degree in finance or accounting and focus on learning about computer programs and running an office.

Complete An Internship

After college and before you begin looking for a position as a practice manager, you may want to complete an internship. Your internship will allow you to work in the career field while still learning more about the necessary duties and requirements of a practice manager. You may be able to complete your internship while you are still in college.

Find A Position

You may need to start with an entry-level position where you work alongside another practice manager before you can move up and get a job working as a practice manager yourself. During this time, you can learn more valuable skills that will prepare you for your career.

If you are looking for a rewarding career that will keep you on your toes, consider becoming a practice manager. Debra Oselett enjoys working with people and helping practices run smoothly. The above tips can help you become a practice manager.
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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
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