We blog about things we learn in our work with practice owners and managers. We hope these articles help you.
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Preparing to sell your practice (Tip #3: Cards close to the vest)
If you're considering selling your medical practice, you may wish to talk over the process with someone. That's a good idea—as long as that person is not an employee of your practice. It may seem like you should give key employees (especially your most loyal, trusted ones) some kind of
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