We blog about things we learn in our work with practice owners and managers. We hope these articles help you.
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[PINNED POST] New! Ask us anything
Do you have a general practice management question you'd like our opinion on? Share it here anonymously and we'll respond with our view. (Please note, this feature is for public questions, asked anonymously, and answered with our general viewpoint. If you'd like a private consultation about a specific problem at
[PINNED POST] How much do you know about embezzlement and internal controls? [5-MINUTE QUIZ]
How knowledgeable are you about theft inside medical practices -- and preventing it? This quiz is designed to get you thinking about how you can protect the money you've worked so hard to earn. Embezzlement always leaves practice owners feeling violated. In some cases, when the amounts are large, a
Closing (or not closing) your practice for inclement weather
Whether or not you should close your practice when winter weather gets extreme is one of those questions that every practice must figure out on their own. I've heard close/not close policy explanations from practice clients of all stripes that range from "when the roads are bad we'll always err
New webinar: 7 Easy Ways to Increase Revenue
I'm excited to announce I've got a new free webinar coming up! This one's sponsored by Solutionreach. The subject is "7 Easy Ways to Collect More Revenue." The tips are (mostly) very easy! They're applicable to most specialties, too. I think Sign up here for the March 6 presentation (or
“If it ain’t broke,” maybe you still should fix it
This meme popped up on one of my feeds recently, and whenever it does, it makes me smile (and think). It's a picture of a horse tied to a lightweight plastic chair. The horse is standing patiently and obediently, presumably unaware that he could easily shake off the chair, break
Preparing to sell your practice? (Tip #2: Choose the right CPA)
Thinking of selling your practice sometime soon? Say, within the next few years? To maximize your negotiating position and smooth the process, I recommend you hire an accounting firm with medical practice experience. (By that I mean... experience with medical practices besides yours.) Perhaps you haven’t given much thought to
Preparing to sell your practice? (Tip #1: Get it into fighting shape)
If you're thinking about selling your medical practice sometime relatively soon—say, within the next few years—there's no time like the present to give your business a thorough evaluation. By digging into the details of operations and finance, you will: Be better able to describe your business to prospective buyers Have
Why PE buyers seem to pay so much more for medical practices
In recent years, private equity (PE) purchases and roll-ups of physician practices have gotten a lot of attention in the media and in physician circles, mainly because of the opportunity they represent for physician owners to sell their businesses for attractive prices. In fact, if you're in a market where