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How To Choose A Medical Billing Company

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  When choosing a medical billing company, it’s important to line up all the usual suspects. These are the services a medical billing company must provide in order to make outsourcing profitable for your practice. They include… The generation and submission of claims… Carrier follow-up…. Payment processing… Patient support and invoicing… And transfer to collection […]

How To Choose A Medical Transcription Company

Choosing A Payroll Company

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There are over 400,000 payroll companies currently operating in the United States. How are you supposed to find one that’s right for your medical practice? First, consult with your attorney, financial advisor, or an independent CPA about the benefits of outsourcing your payroll to a third party. Next, obtain referrals from other medical practices similar […]

Finding A Payroll Company

How To Find Money Factoring Resources

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Money factoring is a short-term solution to help you maintain a steady cash flow in your medical practice. While factoring is not a traditional loan, it’s still important to shop around and a find a factor that isright for you. There are 3 effective ways to find a money factoring company: First, check trade publications […]

What is Money Factoring?

Retirement And Estate Planning For Physicians

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As a self-employed medical entrepreneur, it’s your responsibility to plan for your financial future. This means setting up retirement accounts as soon as you open your practice, as well as investigating your estate planning options. As an independent contractor, you have more retirement contribution options than a regular employee. Popular retirement plans for physicians include: […]

College Savings Accounts

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 to […]

What is Money Factoring?