How to Find a Medical Accounting Firm

Working with a medical accounting firm will assure the financial health of your medical practice. But when you’re first starting out, how are you supposed to find the right accountant for you? With thousands of medical accounting firms to choose from, a quick search online is sure to overwhelm you with endless choices. Here is […]

How To Choose A Medical Accounting Firm

How To Choose A Medical Accounting Firm

Choosing the right medical accounting firm will help your medical practice thrive, but it will also free you up to focus on providing your patients with the best care possible. A good medical accounting firm will be able to do all of the following: Provide you and your practice with monthly and annual financial statements […]

How To Estimate Staffing, Payroll, And Benefit Costs

When you open a new medical practice, some of the biggest costs you’ll incur include hiring staff, choosing benefits, and investing in a payroll company. It’s important to have an accurate picture of the amount of each expense so you can budget the other areas of your business. First, determine exactly what type of staff […]

How to Prepare a Cash Flow Analysis

It’s been said that cash is king, and that couldn’t be more true than when it comes to running a medical practice. An accurate cash flow analysis will help you determine how much inflow, or cash, is needed to balance your outflow, or the expenses of running your practice. A cash flow analysis looks at […]

How to Choose a Medical Bookkeeper

Choosing the right medical bookkeeper for your practice is the first step toward financial freedom and sustainability. But there are many different types of medical bookkeepers, so how are you supposed to find one who’s right for your office? Before you narrow down your choices, there are 3 key questions you need to answer. #1: […]

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 […]