Home Finance Channel

Finance Channel

Finance

Asset Protection

doctors_sync
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

College Savings Accounts

doctors_sync
0
0

The right college savings account will not only help you finance your child’s education; it will serve as an enticing benefit for your medical practice employees. While there are many different types of college savings plans available today, a 529 plan is the go-to choice for many parents and practice owners in the medical profession. […]

What Is A Merchant Processor?

doctors_sync
0
0

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 Collection Company

doctors_sync
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 […]

How To Estimate Staffing, Payroll, And Benefit Costs

doctors_sync
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 […]

Merchant Services – ACH Payments

doctors_sync
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 […]

What Is Practice Succession Planning?

doctors_sync
0
0

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

Scene Premiere Banner 726x90