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 […]
Retirement Planning
Retirement planning is different for physicians than it is for any other type of professional. Because of extended educational periods, physician’s careers tend to start later, leaving less time to save for retirement. Physicians also tend to be more health-conscious than the average person, leading to longer life expectancies. When taken together, these two factors […]
In-House Medical Transcription Vs Outsourcing
You know your medical practice needs medical transcriptions as part of its daily operations. Medical transcriptions allow physicians to verbally record notes and patient procedures and have those recording transcribed into electronic format. But should medical transcriptions be performed in-house or outsourced to a medical transcription company? There are pros and cons to each approach. […]
Commercial Condo vs. a Commercial Building
You’re ready to buy office space for your new medical practice – congratulations! Purchasing space for your medical practice is one of the biggest business decisions you’ll be faced with, so it’s important to choose a space that’s right for you. Most medical professionals who wish to own their own office space opt for either […]
Insurance Types Needed for a Medical Practice
When you think of purchasing insurance for your medical practice, what comes to mind? For many physicians, malpractice insurance is considered the most important type of insurance to have. But as a business owner and a medical professional, there are actually 7 different types of insurance you need in order to protect your practice from […]
CLIA Certification
Laboratory testing is an important part of the daily operations of any medical practice. It helps monitor patient health, detect and prevent disease, and allows
How to Find a Medical Collection Company
Finding a medical collection company is an integral part of maintaining a steady cash flow in your medical practice. Without an experienced company serving as an extension of your billing department, you will waste hours of time hounding patients or insurance companies about unpaid bills. Here is how to find a medical collection company that’s […]
How to Choose a Potential Office Location
Forget about experience, credentialing, marketing, and finding the perfect community of patients. The success of your new medical practice is all about location, location, location. When choosing a potential location to open your practice, measure its promise against Sherlock Doc’s handy Location-o-meter: Does the cost of renting or purchasing the property fall within your budget? […]