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Practice Setup

Employee Benefits

When you first open your medical practice, you may not be able to offer your employees all of the benefits you’d like to. Since employee benefits can be expensive, it’s important to pick and choose those benefits that will help you secure top talent without breaking the bank. Health insurance is an important benefit that […]

Insurance

Life Insurance

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 […]

Marketing

Market Assessment/Demographic Research

Before you choose a location for your new medical practice, it’s important to perform a market assessment of the location. A market assessment consists of demographic research on the patients, competitors, insurance providers, and policies that will influence business at your location. Armed with data-based projections for the future, you’ll be able to decide if […]

CERTIFICATIONS & COMPLAIANCE

CLIA Certification

Laboratory testing is an important part of the daily operations of any medical practice. It helps monitor patient health, detect and prevent disease, and allows

FINANCE

Finding A Payroll Company

As a medical entrepreneur with a new practice to run, the last thing you should be worrying about is managing payroll. A medical payroll company can take this administrative task off of your plate, freeing up your time to focus on your patients and running your practice. Finding a payroll company may seem overwhelming, but […]

REAL ESTATE

How to Purchase a Commercial Building

Buying a commercial building for your medical practice is a big undertaking.After all, as a medical professional, chances are you’re not a commercial real estate expert. That’s why it’s important to follow a strategic 4-step process once you decide you’re ready to purchase a commercial building. Commercial Real Estate 4-Step Process: Step one: Assemble an […]

OFFICE BUSINESS

Setup Your Practice

Starting a successful medical practice is doable and offers many advantages, such as autonomy and having the ability to make business decisions affecting the practice independently. Despite all the changes occurring in healthcare, owning your own practice is still the best way to go. Let Doctors Business Network help you setup your practice! Below we […]

TECH

HITECH Compliance

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:  […]