What Is Money Factoring?
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 to […]
Building a Team of Experts
If you’re starting or running an independent medical practice, you’re not alone. Even group practices and hospital-based physicians require the assistance and expertise of an expert team. Here’s how to build a team of Physician Defenders to protect your practice and ensure its continued growth and success: First, hire an accounting firm. Many startup practices […]
How To Choose A Medical Collection Company
There are 5 important things to consider when choosing a medical collection company for your practice. #1: Choose a company that is focused on long-term relationships. Debt collections aren’t always resolved overnight, so the longer you work with a company, the easier it will be for them to build relationships with patients who are frequently […]
Leasing Medical Equipment Vs Buying
Should your medical practice buy or lease the medical equipment you need to serve your patients and stay ahead of the competition? Both leasing and buying offer benefits and drawbacks to a new or growing practice. Buying your own medical equipment is the more affordable choice over the long-term in the same way that buying […]