As a healthcare professional, it can be tough to separate your business life from your personal life. You may work long hours, see patients on what should have been a day off, or spend your free time furthering your education and career. Your finances are one area where it’s not acceptable to blur the lines
Getting a loan: Good. Going into default on said loan: Not good. Recovering from a default loan: Very good. Ignoring a default loan: Very bad. If we had a crystal ball, we’d be able to avoid the “not good” stuff from happening. But since we can’t predict the future, unexpected and not-good things can and
It’s tempting to treat a tax refund as “extra” money. Don’t forget that your refund dollars are actually part of your hard-earned income. Rather than spending your refund check on things you don’t really need, invest that money in your healthcare career. For practice owners who have sole proprietorships and S corporation entities, use the
I’m a big believer in getting checkups, and at my age, I visit a fair share of medical people throughout the year. I have my blood drawn every six months at a lab. I get a physical done by my family doctor once a year. I receive annual checkups by a urologist, a cardiologist, and
As your private practice grows, you may find that you’re no longer able to get everything done on your own. Whether you’re short on time for patient education, tired of working long hours, or find yourself turning away new patients for lack of availability, it may be time to consider bringing on an advanced practitioner.