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    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 […]

    Capital Funding Lenders

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    When traditional loans or lines of credit are not enough to meet the financial needs of your medical practice, it may be time to think about capital funding. Capital funding lenders offer medical professionals customized funding options that are accessible in a short amount of time. Capital funding can offer more flexible payment terms and […]

    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 […]

    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, […]

    How to Choose a Medical Practice Lender for …

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    Your medical practice needs state-of-the-art equipment and a steady influx of working capital in order to stay competitive. With a wide variety of medical lending options to help you purchase equipment and maintain daily operations, it can be difficult to know how to choose the right medical practice lender. When considering how to finance the […]

    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

    Unlocking the Mysteries of Medical Billing

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    When an unpaid medical bill is mysteriously rejected by the insurance company, Sherlock Doc is on the case! Sherlock Doc knows that medical billing is the process a healthcare provider goes through to submit and follow up on a medical claim with an insurance company. Medical billing is performed by medical billers, who may or […]