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Merchant Services – Payment Gateway

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In order to accept credit card payments from your patients, you medical practice needs what’s known as a payment gateway. This service is responsible for processing credit card transactions each time a patient makes a payment. Every time a patient pays with a credit card, whether it’s in your office, online, or after receivinga bill […]

Estate Planning

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As a medical professional, estate planning is an important part of protecting your assets. But many physicians delay estate planning until it’s too late, focusing instead on investments, taxes, and other more pressing financial matters. Having an estate plan in place is not just important for after you retire; it’s key to ensuring your assets […]

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 […]

What Is Practice Succession Planning?

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Practice succession planning is needed whenever a physician, whether it’s you, a partner, or a colleague, decides to leave your medical practice.

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 […]

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 […]

What Is A Merchant Processor?

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What types of payments will you accept from patients at your new medical practice? In addition to working with various health insurance companies, you may want to accept payments via credit card, debit card, and other means of electronic payment. A merchant processor, also known as a merchant services company or credit card processing company, […]