Private Practice vs Hospital

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Today, more healthcare practitioners than ever before are working as employees in a hospital setting. Working in a hospital provides a lot of benefits that cannot be found in private practice: Salaries are virtually guaranteed Physicians are not responsible for daily operations, administrative tasks, billing, or human resources. Incomes can be significantly higher than what […]

How to Choose the Right Corporate Structure for Your Medical Practice

How to Choose the Right Corporate Structure for Your Medical Practice

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Do you know what type of corporate structure is best for your medical practice? From S-Corps and C-Corps to LLCs, deciding how to structure your business is no small task The right choice will provide substantial tax benefits and protect you from certain liabilities, while the wrong choice could result in higher taxes and responsibilities […]

How To Choose The Right Corporate Structure For Your Medical Practice

In-House Human Resources vs Outsourced

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Your growing medical practice needs a Human Resources Department to manage important areas of your business such as hiring, payroll, benefits, and interpersonal company relationships The decision to outsource your HR needs or hire a dedicated, in-house HR professional isn’t easy –both options have their advantages and disadvantages. An in-house HR department will be intimately […]

In-House Human Resources vs Outsourced

HIPAA & OIG Compliance Plans

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Both OIG and HIPAA offer downloadable compliance forms on their respective websites in order to help healthcare professionals develop and monitor internal adherence to the required guidelines. But reviewing compliance requirements is not enough. In order to maintain HIPAA and OIG compliancy, your practice must create a comprehensive plan that includes the following action steps: […]

OSHA Compliance

HITECH Act of 2009

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An important part of being HIPAA-compliant is adhering to provisions laid out by the HITECH Act of 2009. HITECH is an act that was created under HIPAA and expands upon the various protections required to be HIPAA compliant. Here’s what you need to know about the HITECH Act and how it impacts your medical practice: […]

HITECH Compliance