A business owner's personal credit score can seal the fate of the business by determining access to capital, cash flow, and its ability to grow. Healthcare professionals who own practices rely on this marker of financial fitness as much as other entrepreneurs. Most medical practice owners need access to credit, whether it is to purchase [...]
When facing common challenges such as reimbursement issues and increasing competition, medical practices may consider providing in-house services that complement their clinical focus. With proper planning, adding ancillary services can be the perfect formula for boosting patient satisfaction and revenues. However, as with any new line of business, a risk and benefit analysis is necessary [...]
The financial health of your medical practice depends as much on attracting new patients as it does on retaining a significant portion of your patient base. But reconnecting with patients who have fallen off the radar can be a challenge for medical practices that are working with limited time and resources. Here are four steps [...]
Many of my first conversations with potential clients are about adding a new service to the practice. This usually means the need for equipment, training, possibly new staff, and marketing. Looking at the testing, services, and therapies that are being referred out is a good way to determine what ancillary services a practice that is [...]
On May 5, 2019, my first of four kids will turn 19 years old. This says a lot about what I’ve been doing for the last 20 years. Being a mother is by far the best job I’ve ever had. Being there through the good, the rough, and even the tedious, then watching them slowly [...]
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