Retirement And Estate Planning For Physicians

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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: […]

Estate Planning

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 to […]

What is Money Factoring?

Events

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There are two effective ways to use events to promote your medical practice: by participating in healthcare-related events in your community, and by hosting your own events at your practice. Events you may want to attend include: Medical conferences Health fairs Community meetings Charity auctions, and Volunteer activities Participating in these events positions you and […]

Promotions

Recruiting

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Recruiting top talent for your growing medical practice is a time-consuming and often frustrating pursuit. Finding the right medical and administrative staff to fit your needs can feel like a full time job in and of itself. Being slow to hire and quick to fire will help ensure you find the best possible candidates who […]

In House Medical Billing vs. Outsourcing

Business/Casualty Insurance

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Casualty insurance, also known as liability insurance, protects you and your medical practice from being responsible, or liable, for negligent acts. Worker’s compensation is a type of casualty insurance. Malpractice insurance can fall under this category as well. It’s important to note that casualty insurance is not connected to other forms of insurance like life, […]

Insurance Types Needed for a Medical Practice

Document Imaging

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Document imaging technology allows you to create, manage, and store electronic files in your medical practice, including digital versions of patient’s medical records. Document imaging reduces paper clutter, frees up office space, and provides an evergreen, electronic copy of the document that can’t be physically destroyed or lost. However, document imaging comes with certain risks […]

The Mystery Of Medical Transcription