Opening a medical practice is an exciting venture, but it’s also a complex one. One of the most critical aspects of this process is assembling the perfect team. A well-rounded, competent team can make the difference between a thriving practice and one that struggles to get off the ground. Here’s a guide to the key […]
In the healthcare industry, physicians often grapple with the decision of whether to open a private practice. While it may seem daunting, there are several compelling reasons why physicians should consider opening their own medical practice: 1. Autonomy and Control Having your own practice gives you complete control over your work. You can make decisions […]
Starting a medical practice is a rewarding but challenging endeavor. One of the most significant hurdles is securing the necessary funding. Here’s a step-by-step guide on how to get a medical practice loan. 1. Understand Your Needs Before you start applying for loans, it’s crucial to understand your financial needs. Consider costs like equipment, real […]
Are you finding that your practice’s fees are below other similar specialties in your area? On your insurance payments, are you noticing that the carriers are occasionally reimbursing your practice 100% of the billed amount? If you answered yes to either of the two questions above, it may be time to complete a medical practice […]
Concierge medicine, also known as boutique medicine, is a relationship between a patient and a primary care physician in which the patient pays an annual fee or retainer. This may or may not be in addition to other charges. It’s a growing trend in healthcare, and it’s changing the way physicians practice medicine. The […]
You have made a wise choice to outsource medical billing. More than 70% of physician practices see an increased payment and reduced AR if they are able to find the right medical billing company. It can be overwhelming to select a medical billing company that you can trust. Below are key 7 aspects to evaluate […]
1. CHALLENGE READINESS Owning your own practice, while challenging at times, is a rewarding and satisfying accomplishment. As a physician, you are no stranger to long days and working hard to achieve what you want. Thomas Edison said it best, “Opportunity is missed by most people because it is dressed in overalls and looks like […]
