Cash flow and collections are essential for the success of any medical practice. However, many small medical practices don't realize they have valuable data at their disposal that can be used to improve these processes. By understanding your data, you can gain insights into your patients, your
What Physicians Need to Know About the inflation Tax Act of 2022
First and foremost, the Inflation Tax Act is unlikely to negatively impact private practices. However, there is a high probability it will impact doctors working in hospitals. The reason for this is due to the corporate minimum tax in the new bill. Previously, corporate giants (like Amazon) did not
6 Things To Keep In Mind For Your Healthcare Accounting
Practicing medicine is complicated, but you can at least hone in and focus on the task at hand. When you start your own practice though, the business, payroll, customer care, etc. can quickly override everything else. For a better understanding what the healthcare accounting process is and how it
Medical Practice Start Up Tips
For many, medicine is a lifelong practice -- certainly a career that asks a substantial commitment to the pursuer. And while a career in medicine can provide fulfillment in many ways, there are also plenty of grueling years. If you're in the field, then you know the misconception that "medicine" =
Tax Deductions For Doctors & Nurses
There's a lot of benefits to working in the medical field and one of them is their specific tax deductions. Whether you own a medical practice or are a primary care physician, LPN, or RN, there's a number of deductions many don't take advantage of. 1. Operating Expenses This one is