Physician Practice Management: Essential Operational and Financial Knowledge

Lawrence F. Wolper, MBA, FACMPE, is President of L. Wolper, Inc., in Morristown, New Jersey. The firm is a full service consulting organization specializing in all aspects of physician group practice, hospital alignment, revenue cycle assessment, and managed care. In addition, L. Wolper, Inc, has extensive experience in managing large physician group practices and ambulatory surgery centers in order to assist them in achieving strategic growth goals and to augment operational and financial efficiencies. Mr. Wolper has more than 25 years of consulting and senior executive experience, and has been the advisor to, or managed, major group practices, faculty practice plans, ambulatory surgery centers, and integrated networks. Prior to founding his firm in 1987, he was a partner in KPMG, International, LLP, with New York area and national responsibility for physician practice and ambulatory care consulting. At that time, he was involved in the development of large group practices, faculty practice plans, and provider networks. Prior to his partnership in KPMG, he was a consulting partner with Ingram, Weitzman, Mertens & Co., a large regional health care accounting and consulting firm.He has published over thirty-five professional journal articles, and eight texts, on a variety of subjects that are germane to physician and faculty practice, and to health care administration. His book Health Care Administration: Principles, Practices, Structure, and Delivery, Second Edition, won a prestigious national award as one of the top 250 texts in the health sciences industry. The text was recently released in its fifth edition, and remains one of the leading texts in the industry.Mr. Wolper received an MBA in Health Care Ad?min?i?stration from Bernard M. Baruch College/Ricklin School of Business-Mount Sinai School of Medicine, and a BA in Advertising/Marketing from Hofstra University. He was a Robert Wood Johnson Foundation Fellow in HMO Management at the Wharton School, University of Pennsylvania, and an Association of University Programs in Hospital Administration (AUPHA) Fellow studying the British National Health System and the Kings Fund College of Hospital Manage?ment in London, England.He is a Fellow in the American College of Medical Practice Executives, and was an Associate Adjunct Professor in the Executive MPH Program at Columbia University, teaching a course on managed care and organized delivery systems.'