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
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
DR. DONNA is ready to tear her hair out – rejected claims, low reimbursement rates, and coding mistake after coding mistake. Dr. Donna has chosen
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.
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
How can your medical practice stay afloat when it takes 30, 60, even 120 days for your customers to pay? The truth is that until you’re running an established practice, it’s very difficult to maintain a positive cash flow. One way around this problem is a process called money factoring. Money factoring allows you
In addition to accepting credit card payments at your medical practice, you may want to accept ACH payments as well. Many merchant services providers offer
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