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    How to Determine a Timeline to Open Your Medical..

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    So you’re ready to open your own medical practice. Congratulations! But how can you tell if you’re just ready in theory, or if you’re actually ready to admit your first patient or client? The key to opening the doors to your very own practice is to determine a realistic timeline that will set you and […]

    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 […]

    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

    Building a Team of Experts

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    If you’re starting or running an independent medical practice, you’re not alone. Even group practices and hospital-based physicians require the assistance and expertise of an expert team. Here’s how to build a team of Physician Defenders to protect your practice and ensure its continued growth and success: First, hire an accounting firm. Many startup practices […]

    HITECH Act of 2009

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    An important part of being HIPAA-compliant is adhering to provisions laid out by the HITECH Act of 2009. HITECH is an act that was created under HIPAA and expands upon the various protections required to be HIPAA compliant. Here’s what you need to know about the HITECH Act and how it impacts your medical practice: […]

    Advertising

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    An effective medical practice advertising strategy uses online and offline advertisements that are hyper-local in their focus. Offline advertising can include: Purchasing ads in local newspapers and magazines Producing television and radio commercials Getting listed in your local Yellow Pages, and adding your practice to the “Welcome Kit” typically sent to new residents by mail. […]

    Life Insurance

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    Life insurance is not just one more expense to add to the many expenses of running your own medical practice. It’s also not just a way to protect your family in the event of your passing. Instead, life insurance has recently become a financially sound way to protect your assets. In other words, life insurance […]

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