What Is Money Factoring?
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 to […]
Document Imaging
Document imaging technology allows you to create, manage, and store electronic files in your medical practice, including digital versions of patient’s medical records. Document imaging reduces paper clutter, frees up office space, and provides an evergreen, electronic copy of the document that can’t be physically destroyed or lost. However, document imaging comes with certain risks […]
How to Find a Medical Management Firm
In order to find the right medical management firm for you practice, you must first decide what type of management firm is right for you. Some medical management firms solely offer staffing services, while others advise on all aspects of operations, including planning, project management, finance, and contracts. Once you have determined precisely what you […]
What is a Medical Commercial Building?
A medical commercial building offers medical professionals the opportunity to lease or buy office space that is customized to suit the specific needs of their practice. Some medical commercial buildings are dedicated medical centers, where all or most of the on-site offices are medical in nature. If you’re a chiropractor, for instance, you might purchase […]
Building a Team of Experts
If you’re starting or running an independent medical practice, you’re not alone. Even group practices and hospital-based physicians require the assistance and expertise of an expert team. Here’s how to build a team of Physician Defenders to protect your practice and ensure its continued growth and success: First, hire an accounting firm. Many startup practices […]
How to Find a Medical Legal Firm
As a practicing medical professional and business owner, you need a strong team of attorneys that are just a phone call away. While many areas of your medical practice can be outsourced out of state, or even out of the country, the medical legal firm you choose should be a local practice ready to meet […]
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 […]
The Best Software for Doctor’s Offices
Choosing the right software for your healthcare practice is as important as choosing the right employees. Great software programs can help you streamline operations, save time and money, and help you get back to doing what you do best – caring for your patients. But with hundreds of medical software programs to choose from, where […]
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: […]