Capital Funding Needs: Pre-Opening, Opening

In order to obtain working capital to start your medical practice, it’s important to specify exactly what that capital will be used for. By defining your needs in terms of pre-opening, opening and ongoing operational expenses, you’ll be able to find a capital funding lender that’s right for you. During pre-opening, you may need capital […]

How to Find a Medical Bookkeeper

Finding a great medical bookkeeper for your new practice is a breeze when you ask for referrals, search on the right websites, and vet your applicant with reviews and testimonials. Start by speaking with your colleagues and friends in the healthcare industry. Find out who they use for their medical bookkeeping, and how happy they […]

How To Choose A Medical Collection Company

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 Find a Medical Practice Lender (resources)

There are many costs associated with starting and growing a medical practice. From one-time equipment purchases to the ongoing expenses of running your business, having enough working capital is crucial to your success. There are 3 main ways to find a medical practice lender that is right for you. The first type of lender can […]

College Savings Accounts

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. […]

Types of Commercial Loans for Buying a Commercial Condo

Are you ready to purchase a commercial condo for your medical practice, but don’t have hundreds of thousands of dollars to invest? You’re in luck. For new and growing medical practices, there are a variety of commercial loans available to help you get your practice up and running, or to help a growing practice thrive […]

Leasing Medical Equipment Vs Buying

Should your medical practice buy or lease the medical equipment you need to serve your patients and stay ahead of the competition? Both leasing and buying offer benefits and drawbacks to a new or growing practice. Buying your own medical equipment is the more affordable choice over the long-term in the same way that buying […]

The Pros And Cons Of Money Factoring

Money factoring allows your medical practice to maintain a steady cash flow regardless of when your patients are able to pay their bills. Companies called factors will give you up to 90% of the total of an unpaid invoice. Once your customer pays their bill, you’ll be reimbursed the additional 10% minus the factoring company’s […]

What Is A Merchant Processor?

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, […]