Neglecting Good Tax Planning
Note: What follows is what I like to think of as one of our most valuable tips from my upcoming new book “5 Mistakes Physicians Make That Hurt Cash Flow.” Read on to decide for yourself if you’d like a FREE copy when it comes out – we’ll tell you how to get one! Neglecting […]
A Month of Gratitude
I left off last week’s submission talking about the gratitude I have for the advances in medicine the physicians and nurses of America have provided us in times of the stress of combat. That got me thinking this week… I remember enjoying the company of people that choose to celebrate the concept of gratitude by […]
American Veterans in Medicine: A Legacy of Service
The intersection of military service and medical practice represents a unique and profound contribution to both the fields of healthcare and defense. During this Veteran’s Day weekend, we celebrate the remarkable achievements and invaluable contributions of medical practitioners who have served in the military. These individuals displayed courage, skill, and compassion, operating under extreme conditions […]
The Evolution of Private Medical Practice
I’m just old enough to remember the slow transition of the traditional family medical practice of the mid-20th century, which once dwelt in our minds as a bastion of community trust and personal touch. Doctors knew their patients by name, history, and often by the depth of their laughter or furrow of worry on their […]
Halloween and the Practice of Medicine
I really like this time of year. The frost on the pumpkins, the leaves on the ground, and the promise of scary little children knocking and begging for sweets on the 31st. It’s a lot of fun. Plus, there is an entire genre of movies to blow the dust off of and watch again. It’s […]
Exploding the Wealthy Doctor Myth
The stereotype of the wealthy doctor is deeply ingrained in popular culture, painting a picture of a carefree professional leading a lavish lifestyle. How many of you remember the Dr. Beeper character from the movie Caddyshack back in the 80’s? That fed into the whole cliché about the doctor on the golf course half of […]
Getting Paid for Your Medical Services – Minus the Drama
In the ever-evolving landscape of healthcare, medical practitioners and groups face a constant challenge: getting paid for the vital services they provide. Medical billing, payer audits (especially concerning Medicare and Medicaid), and the often-burdensome process of obtaining prior authorizations have all become significant sources of stress and frustration in the medical field. Let’s delve into […]
Effective Medical Practice Accounting
What’s that, you say? Medical practice accounting? Is that somehow more difficult, or more complex than other more “typical” accounting support? Quick answer: yes. It may be argued, convincingly, that all businesses that make any amount of real money are under some level of scrutiny from the government. Because of our friends at the IRS, […]
The Fourth Quarter Stretch
The Fourth Quarter is beautiful. I mentioned this before. In fact it was just two weeks ago. It starts today, Sunday, October 1st. Already a full week into Autumn. The growing things are exposing themselves in all their colorful glory, and it’s a powerful and amazing time of year. By the time the leaves are […]
You Got Cash – Now What?
You’ve been putting in the hours, slogging away. Doing the things to up your cash flow game, and suddenly… Success occurs. The rainbow-farting unicorn moment when you’re suddenly able to cover all of your expenses without that sinking puckering feeling, and you’ve got cash on the books. Your cash is even increasing from last month […]