Hiring A Business Consultant
As a practicing physician, your top area of expertise is medicine, not business. For many doctors, hiring a business consultant is a sound investment because it allows them to work with an experienced professional who has a fresh perspective on the way their practice runs as a business. In order to reap the biggest benefits […]
What Is Practice Legacy Planning?
Medical practice legacy planning is the process of arranging and accounting for the numerous details that will need to be taken care
Determine Employee Benefits
When recruiting top talent for your medical practice, it’s important to determine which benefits you will offer your employees. Some benefits are required by law for certain types of medical practices in certain states. Others are optional but may help you attract the industry’s best and brightest to your practice. Still other types of benefits […]
Types of Medical Insurance
Insurance plays a big part in the daily operations of any small business. Like the average business owner, your medical practice needs coverage for everything from employee benefits to rental insurance. But in addition to choosing coverage for normal small business liabilities, medical entrepreneurs have to decide which types of medical insurance to accept from […]
Choosing A Payroll Company
There are over 400,000 payroll companies currently operating in the United States. How are you supposed to find one that’s right for your medical practice? First, consult with your attorney, financial advisor, or an independent CPA about the benefits of outsourcing your payroll to a third party. Next, obtain referrals from other medical practices similar […]
How To Structure Practice Banking
The way you structure your medical practice’s banking will depend on the size of your practice, number of employees, and need for credit and cash flow assistance. Steer clear of regular small business banking and opt instead for a bank that has a dedicated medical practice banking program. Choose a business checking account that offers […]
How To Win Your Insurance Contract Negotiation
Have you tried and failed to negotiate with insurance companies in the past? Negotiating the terms of your insurance contracts is one of the most challenging aspects of running a medical practice. In many cases, giant insurance conglomerates have the upper hand when it comes to negotiations – you need them more than they need […]
OSHA Compliance
OSHA, or the Occupational Safety and Health Administration, is a government agency that provides protective provisions for workers within their work environments. Being OSHA-compliant means establishing a safe work environment that meets OSHA’s guidelines. Not only does compliancy protect you and your employees from work-related injuries; it greatly reduces the instances of costly worker’s compensation […]
Disability Insurance
What if you were no longer able to practice medicine? Each year, hundreds of thousands of Americans lose their jobs and declare bankruptcy due to injury