OIG Compliance
OIG compliance refers to the various laws set forth by the Office of the Inspector General in order to protect patients from health care-related abuse and fraud. In order to be OIG-compliant, your office must adhere to the requirements and statutes set forth by the OIG that are applicable to your type of medical practice. […]
Advertising
An effective medical practice advertising strategy uses online and offline advertisements that are hyper-local in their focus. Offline advertising can include placing ads in local newspapers and magazines producing television and radio commercials getting listed in your local Yellow Pages, and dding your practice to the “Welcome Kit” typically sent to new residents by mail. […]
Direct Mail Marketing For Your Medical Practice
With so much attention placed on digital marketing, direct mail marketing often gets lost in the shuffle. While it may seem more labor-intensive and expensive to develop direct mail campaigns for your medical practice, the effort is well worth it. Studies show that direct mail campaigns are becoming more effective precisely because less practices are […]
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 […]
Equipment Selection Process
Selecting the right medical equipment for your practice is an important startup task that is often overlooked by new medical entrepreneurs. The equipment selection process requires more in-depth analysis than simply choosing based on the procedures that will be performed. Instead, there are 4 key areas that must be considered when selecting the medical equipment […]
How to Find a Medical Practice Lender (resources)
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 enough working capital is crucial to your success. There are 3 main ways to find a medical practice lender that is right for you. The first type of lender can […]
Medical Office Structure, Layout And Design
The structure, layout, and design of your medical office should facilitate the best working conditions for your staff and the most pleasant experience possible for your patients. Whether you are moving into a new space or constructing a medical office from the ground up, there are three important things to keep in mind: First, consider […]
Recruiting
Recruiting top talent for your growing medical practice is a time-consuming and often frustrating pursuit. Finding the right medical and administrative staff to fit your needs can feel like a full time job in and of itself. Being slow to hire and quick to fire will help ensure you find the best possible candidates who […]
How to Purchase a Commercial Building
Buying a commercial building for your medical practice is a big undertaking.After all, as a medical professional, chances are you’re not a commercial real estate expert. That’s why it’s important to follow a strategic 4-step process once you decide you’re ready to purchase a commercial building. Commercial Real Estate 4-Step Process: Step one: Assemble an […]