Home Finance Channel

Finance Channel

Finance

    How To Estimate Staffing, Payroll, And Benefit Costs

    DBN
    0
    0

    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 […]

    Asset Protection

    DBN
    0
    0

    Asset protection is a key area of financial planning often overlooked by many physicians. Not only do you need to protect your practice

    How To Choose A Medical Collection Company

    DBN
    0
    0

    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 […]

    Capital Funding Needs: Pre-Opening, Opening

    DBN
    0
    0

    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 […]

    Retirement And Estate Planning For Physicians

    DBN
    0
    0

    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: […]

    How to Choose a Medical Practice Lender for …

    DBN
    0
    0

    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 […]

    Merchant Services – ACH Payments

    DBN
    0
    0

    In addition to accepting credit card payments at your medical practice, you may want to accept ACH payments as well. Many merchant services providers offer ACH as an option because these types of payments are more affordable and more convenient than paper checks and debit card transactions. On average, a paper check will cost your […]