AMA Highlights How to Manage a Practice’s Employee Costs

A distinguished medical professional, James D. Tollman, MD, serves as Essex Inpatient Physicians’ president and chief executive officer, making him responsible for staffing the center, alongside managing employees. Board certified and licensed in several states, Dr. James D. Tollman is also a member of the American Medical Association (AMA), which supports medical professionals across the country.

The association has noted the difficulties many medical practices face in managing employee costs, with practice owners often facing tough decisions focusing on cost management. These typically involve payroll, taxes, and labor costs.

To overcome the difficulties in managing these costs, the AMA has released a guide outlining what practice owners can do. Available on the association’s website, the guide covers benefit modifications, legal compliance, and compensation changes, among other areas.

These recommendations are also broken down into what options owners have when making these decisions, with many focusing on how costs can be controlled, especially during times of decreased patient visits.