Everybody knows that emergency rooms are often at their busiest during the holidays. But the same is not true for independent practices. In fact, studies show that November and December are two of the slowest months for smaller practices across the country. Instead of thinking of ways to get more business this holiday season, here’sRead More
Having trouble bridging slow healthcare payments? Revolving lines of credit may be just what the doctor ordered. One of the biggest issues with cash flow that doctors face are slow healthcare payments. This can slow down office operations considerably, often holding medical professionals back from paying overhead costs including rent, utilities and insurance. Jump toRead More
These days, physicians do not just need to be health care experts: they must also be savvy practice managers — which is not as straightforward an undertaking as it may seem. Indeed, physicians learn early on in their careers that cash flow management is not as simple as providing services, collecting payments, and paying bills.Read More
Slow insurance payments are making it harder than ever for healthcare professionals of all kinds to overcome small challenges such as paying their bills, as well as those seeking to grow and develop their practice by hiring staff, expanding their building, or purchasing equipment. Unpredictable Reimbursement Over 30% of all patients will leave medical practicesRead More
Over 1 billion medical practices in hospitals are expected to use virtual reality software by 2020, for the benefit of both doctors and their patients. With virtual reality consoles such as the Occulus Rift, combined with specialized VR software for surgeons, chiropractors, general practitioners, and all kinds of healthcare professionals, doctors are providing safer, faster, and moreRead More
While providing medical care is exceptionally complex and requires decades of study and training, the formula for practice sustainability is simple: doctors that cover their overhead and generate sufficient profit to justify their opportunity cost are in good shape. While doctors that cannot cover their overhead costs are at risk of going out of businessRead More
National Business Capital, an alternative financing group headquartered in Bohemia, New York, announced today that the firm is prepared to assist members of the medical community through its specialized Loans for Doctors and Equipment Financing programs. These financing options are in response to the shift in healthcare toward greater technology-focused diagnoses, applications, equipment and treatments.Read More
A strong concentration on customer service is one of the leading contributors to the success of every medical and dental practice. Take a look at this infographic to learn why customer service truly still matters in health care.