2628 Wilhite Court, Suite 201
Lexington, KY 40503
PH: (859) 278-0569 FAX: (859) 277-3919
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Khalil Rahman, MD
LMS President 2021
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Tips for the Business Side of Medicine
Khalil Rahman, MD
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The labor costs of my practice this year have increased higher than any other year I have been in practice. In order to keep good employees, I’ve had to increase base pay across the board, and I’m not alone. According to an article in Healthcare Finance News, clinical labor costs have increased by 8% per patient per day. For a 500-bed hospital, this equates to a $17 million increase in labor costs. Factor in the current inflation rate, and whatever you are getting from insurance companies is probably not going to be enough.
This month I will discuss renegotiating insurance contracts. Maximizing revenue by negotiating with payers for reimbursement is essential for the survival of your practice. Medical practices are one of the few businesses in America where negotiations between physicians and insurance companies hardly ever take place. Many medical practices sign managed care contracts, without reading or negotiating. Insurance companies continue to under-pay, or worse, deny paying for the service provided. Periodic reviews of payer contracts ensure that providers are receiving optimal reimbursements for their services.
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Harold Faulconer, MD passed away January 12, 2022. Dr. Faulconer completed his medical degree at the University of Louisville School of Medicine. After his internship, he served active duty as a flight surgeon in the US Air Force as a Captain from 1959-62. After his service, he returned to the University of Louisville to complete his General Surgery residency & vascular fellowship, as well as a Colon & Rectal surgical fellowship at Ferguson Hospital, Michigan. He was the founder of Colorectal Surgical Associates in Lexington. Dr. Faulconer was very active at LMS & served as President of the Society in 1987.
Dr. Faulconer is survived by his three children, 6 grandchildren, and one great grandchild. Contributions can be made to the Blue Grass Council Boy Scouts of America, 2134 Nicholasville Rd, Suites 3&4, Lexington, KY 40503.
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Welcome to New LMS Members |
Drs. Seema Capoor, Aletia Farmer, Coy Flowers, Brendan Girschek, Thomas Hunter, Wesley Johnson, Susan Monohan, John Reesor, & Ashley Rollins |
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To learn more & register for this CME opportunity go to:
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Featured Physician
Hope Cottrill, MD
Member Since 2009
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Why did you become a physician?
Truly, my professional journey is the scenic route and I believe I am a richer person for all the twists and turns! I became a physician for a multitude of reasons. My mother, Carol Cottrill, was a physician in Lexington for almost my entire life. She became the first and only pediatric cardiology fellow at the University of Kentucky Medical Center (UKMC) when I was a toddler and I grew up very comfortable in the hospital environment. I actually wanted to become a musician or work in the music industry, but I truly found my calling in medicine
Tell us about your educational & professional background.
I attended Miami of Ohio earning a bachelor’s degree in music performance playing cello (that’s a BM degree, haha). I completed my medical school pre-requirements and attended medical school at UKMC, then completed a year in pathology through the Sophomore Pathology Fellowship program with Dr. William O’Connor as my mentor. I finished my OB/GYN residency in 2005 and moved with my family, including my perpetually supportive husband, Dr. Ari Padmanabhan, to Tampa for fellowship in Gynecologic Oncology. After completing fellowship, we felt the calling to return to Kentucky to be close to family, friends and the community we hold so close to our hearts.
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Register Today for KMA's 2022
Physicians' Day at the Capitol
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Due to the ongoing rise in COVID numbers, KMA is making some changes to the schedule for the 2022 KMA Physicians’ Day at the Capitol, which includes canceling the lunch with legislators at the Capitol Annex in order to ensure the safety of legislators, physician attendees, and staff. Lunch will now be provided for attendees at the Thomas D. Clark Center for Kentucky History in the Brown-Forman Corporation Kentucky Room at 12pm EST. The luncheon will be followed by the Legislative Visit Debriefing at 12:30pm EST.
KMA staff will still be available from 8:45-9:30am in the Capitol Annex Room 125 to provide a packet of background information for visits with legislators. Attendees are encouraged to set appointments with legislators prior to February 9 to ensure their availability. Please call the Legislative Research Commission at (502) 564-8100 to schedule your appointments in advance.
Also, be sure to register to attend the Virtual Legislative Briefing via Zoom Webinar on February 2 at 7pm EST. During the briefing, participants will hear from KMA lobbyist about priority legislation for the session and have a chance to ask questions.
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Lexington Medical Society
Installs 2022 President
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Pictured above 2021 LMS President, Dr. James Borders, MD (left) &
2022 LMS President, Dr. Kahlil Rahman (right)
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LEXINGTON, Ky. Khalil Rahman, M.D., a Lexington Nephrologist, was installed as President of the Lexington Medical Society on January 11, 2022, at a virtual ceremony attended by past LMS presidents dating back to 1978. James Borders, M.D., a Lexington Internal Medicine physician, was recognized for his outstanding leadership as the LMS President in 2020. Dr. Border’s tenure started during the pandemic and his focus was to communicate to the community throughout 2021 the importance of getting the Covid-19 vaccination, masking, and social distancing. To Read More CLICK HERE
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Building Resilience - Tips for Active & Retired Physicians
By Sandra Hough, PhD & Steven Smith, PhD
The Woodland Group
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We’re all familiar with the phrases of “I’m running on fumes,” “I’m drained” or “I’m wiped out” when we feel we don’t have much energy. When our energy is low, it can be difficult to think clearly, perform tasks well and even bounce back, all of which are good indications that our resilience is low.
Research has shown that while some people are naturally more resilient than others, resilience can be learned and practiced. Increasing our resilience acts as a buffer during challenging times, enabling us to cope with stress more effectively. Having more energy means you have a greater capacity to handle whatever comes up. By building greater resilience capacity you’ll be better prepared, have greater flexibility, make smarter decisions and keep a cool head in challenging situations or with adversity.
Emotions are an area where many of us tend to waste a lot of energy unnecessarily and deplete our internal reserves. Feelings like frustration, anger, resentment and anxiety deplete us of energy. Additionally, cortisol and other stress hormones are released, which can disrupt our ability to get renewing sleep and diminish our ability to focus.
Lack of physical self-care can result in inadequate sleep, lack of exercise, a poor diet, and chronic pain can be huge energy leaks that weaken our ability to withstand demands and weaken our resilience.
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For More Information about the Physician Wellness Program CLICK HERE
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