How To Find Money Factoring Resources
Money factoring is a short-term solution to help you maintain a steady cash flow in your medical practice. While factoring is not a traditional loan, it’s still important to shop around and a find a factor that isright for you. There are 3 effective ways to find a money factoring company: First, check trade publications […]
Merchant Services – Payment Gateway
In order to accept credit card payments from your patients, you medical practice needs what’s known as a payment gateway. This service is responsible for processing credit card transactions each time a patient makes a payment. Every time a patient pays with a credit card, whether it’s in your office, online, or after receivinga bill […]
In House Medical Billing vs. Outsourcing
The choice to conduct your medical billing in-house, or to outsource your medical billing to a medical billing company, is one of the most important decisions you’ll make for your growing healthcare practice. There is no right or wrong answer to the in-house vs. outsourcing battle, since there are pros and cons to each approach […]
How To Choose A Medical Billing Company
When choosing a medical billing company, it’s important to line up all the usual suspects. These are the services a medical billing company must provide in order to make outsourcing profitable for your practice. They include… The generation and submission of claims… Carrier follow-up…. Payment processing… Patient support and invoicing… And transfer to collection […]
Retirement And Estate Planning For Physicians
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: […]