When you run a private therapy practice, you are running a business, which means you need to consider the requirements for accounting for private practice. However, many therapists have very little, if any, training or experience in financial planning and business maintenance. But that does not make maintaining and keeping books for your business any […]
How to Create a Private Practice Business Plan
A private practice business plan is a strategic planning document that sets out a wide variety of important details about your practice. It develops and describes goals and objectives and sets out how the practice intends to meet those goals. It is a road map that touches on virtually all aspects of your practice from […]
How to Evaluate Accountants for Doctors
Managing finances in a medical practice is a complex and critical task that demands precision, expertise, and a deep understanding of both healthcare and financial regulations. For doctors and healthcare professionals, finding the right accountant is not just about crunching numbers; it’s about entrusting someone with the financial health of their practice. From navigating healthcare […]
Top 5 Mistakes to Avoid in Medical Accounting
Ensuring accuracy and efficiency is critical when it comes to managing a healthcare practice’s medical accounting. Small errors lead to long delays and impact the available cash flow for the practice. It upsets patients and limits the success of any business over the long term. Avoiding the following five common mistakes in medical accounting could […]