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How to Find a Medical Bookkeeper

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Finding a great medical bookkeeper for your new practice is a breeze when you ask for referrals, search on the right websites, and vet your applicant with reviews and testimonials. Start by speaking with your colleagues and friends in the healthcare industry. Find out who they use for their medical bookkeeping, and how happy they […]

How to Find a Medical Practice Lender (resources)

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There are many costs associated with starting and growing a medical practice. From one-time equipment purchases to the ongoing expenses of running your business, having enough working capital is crucial to your success. There are 3 main ways to find a medical practice lender that is right for you. The first type of lender can […]

How To Estimate Staffing, Payroll, And Benefit Costs

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When you open a new medical practice, some of the biggest costs you’ll incur include hiring staff, choosing benefits, and investing in a payroll company. It’s important to have an accurate picture of the amount of each expense so you can budget the other areas of your business. First, determine exactly what type of staff […]

Capital Funding Needs: Pre-Opening, Opening

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In order to obtain working capital to start your medical practice, it’s important to specify exactly what that capital will be used for. By defining your needs in terms of pre-opening, opening and ongoing operational expenses, you’ll be able to find a capital funding lender that’s right for you. During pre-opening, you may need capital […]

Finding A Payroll Company

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As a medical entrepreneur with a new practice to run, the last thing you should be worrying about is managing payroll. A medical payroll company can take this administrative task off of your plate, freeing up your time to focus on your patients and running your practice. Finding a payroll company may seem overwhelming, but […]

Medical Billing Company to the Rescue!

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DR. DONNA is ready to tear her hair out – rejected claims, low reimbursement rates, and coding mistake after coding mistake. Dr. Donna has chosen to fulfill her medical billing needs in house. Unfortunately, Dr. Donna made the mistake of cross-training her nurses, PAs, and other medical staff to complete her medical billing for her. […]

What is Money Factoring?

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How can your medical practice stay afloat when it takes 30, 60, even 120 days for your customers to pay? The truth is that until you’re running an established practice, it’s very difficult to maintain a positive cash flow. One way around this problem is a process called money factoring. Money factoring allows you