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Practice Setup

Purchasing a Commercial Condo

Are you ready to purchase a commercial condo for your medical practice? A commercial condo offers a variety of benefits for medical entrepreneurs in private practice or partnerships. Unlike other types of real estate, where up to 35% of the property cost must be put down in cash, medical professionals can purchase a commercial condo […]

Insurance

Disability Insurance

What if you were no longer able to practice medicine? Each year, hundreds of thousands of Americans lose their jobs and declare bankruptcy due to injury

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

How to get a DEA license

If your job will require a DEA license you will need to register for one. Start by following the on-line registration at https://apps.deadiversion.usdoj.gov/webforms/. Note that registration fees are non-refundable. Being issued a DEA license is based on successfully completing all the requirements imposed by the state in which the practitioner will conduct business and obtain […]

FINANCE

What Is Practice Succession Planning?

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

REAL ESTATE

The Pros And Cons Of Leasing Vs. Buying

Popular wisdom would have you believe it’s better to own than rent. But does that rule still apply when deciding whether to lease or buy your medical office space? The pros and cons of leasing vs. buying are similar for medical entrepreneurs as they are for the general population, with a few important distinctions: Just […]

OFFICE BUSINESS

Purchasing a Commercial Condo

Are you ready to purchase a commercial condo for your medical practice? A commercial condo offers a variety of benefits for medical entrepreneurs in private practice or partnerships. Unlike other types of real estate, where up to 35% of the property cost must be put down in cash, medical professionals can purchase a commercial condo […]

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:  […]