How to Determine a Timeline to Open Your Medical..
So you’re ready to open your own medical practice. Congratulations! But how can you tell if you’re just ready in theory, or if you’re actually ready…
Choose the Right Corporate Structure
Do you know what type of corporate structure is best for your medical practice? From S-Corps and C-Corps to LLCs, deciding how to structure your business is no small task The right choice will provide substantial tax benefits and protect you from certain liabilities, while the wrong choice could result in higher taxes and responsibilities […]
Medical Billing Company to the Rescue!
DR. DONNA is ready to tear her hair out – rejected claims, low reimbursement rates, and coding mistake after coding mistake. Dr. Donna has chosen to fulfill her medical billing needs in house. Unfortunately, Dr. Donna made the mistake of cross-training her nurses, PAs, and other medical staff to complete her medical billing for her. […]
Group Practice vs Private Practice
Deciding whether you’ll go into private practice or group practice is one of the most important decisions you’ll make for your new healthcare business. Both choices offer advantages and disadvantages, and only you will know which type of practice is right for you as a practitioner. Entering into private practice gives you total control, both […]
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 […]
How to Choose a Medical Legal Firm
There are four important things to consider when choosing a medical legal firm to represent your practice. First, consider your level of comfort in dealing with a particular lawyer or legal team. Make sure you meet in person to assess how comfortable you feel entrusting this particular individual or group with highly personal, sensitive information. […]
How To Choose A Medical Doctor’s Insurance Company
There Are 3 Things To Look For When Choosing A Medical Doctor’s Insurance Company. First, Choose An Insurance Provider That Offers Ample Coverage For Both You And Your Medical Practice. The Company You Choose Should Offer A Variety Of Coverage Plans That Protect You In The Event Of A Malpractice Claim, Liability Claim, Or Other […]
Private Practice vs Hospital
Today, more healthcare practitioners than ever before are working as employees in a hospital setting. Working in a hospital provides a lot of benefits that cannot be found in private practice: Salaries are virtually guaranteed Physicians are not responsible for daily operations, administrative tasks, billing, or human resources. Incomes can be significantly higher than what […]