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There’s a lot that goes into creating a productive, profitable private practice schedule that’s sustainable in the long term. You need to find a balance between the demands of your patient population and your personal preferences for working hours. Before you open your doors and begin scheduling appointments, consider the following factors. Your lifestyle and
Student loan debt can be a huge detriment to a healthcare provider just beginning a career. Large loans hanging over your head can impact your…
There’s a lot that goes into creating a productive, profitable private practice schedule that’s sustainable in the long term. You need to find a balance…
Digital marketing is an effective way to market yourself and expand your patient base. If you aren’t leveraging online channels to promote yourself and/or your medical…
If you’re considering striking out on your own and starting a medical practice, you probably have a lot on your mind. The basics of buying a medical practice can seem overwhelming at first, but the rewards of being your own boss and running your own practice can make the initial work well worth it. The
High employee turnover can be costly and time consuming for your practice. Hiring and retaining productive people for important positions is crucial to keeping your business running smoothly. Whether you’re buying a new medical practice or expanding your current business, make sure you have adequate capital to fund a thorough hiring and training process. The
Is your waiting room full of outdated furniture, old magazines, and harsh lighting? Not only can this create a bad first impression for patients new to your practice, it can actually adversely affect their health. When patients spend time in a waiting room, they often feel anxious about their upcoming appointment. A well-designed waiting room
Cash flow problems are common in medical practice startups. The financial strain and stress caused by cash flow issues can take away from your long-term goals and vision for your practice, and can also compromise your patient care and day-to-day processes. Don’t let a cash-flow crunch put your practice at risk. The following tips can
Technology is constantly evolving. As a healthcare provider, it can be tough to keep up with the latest advances without stretching your budget too thin. Many healthcare professionals are making equipment upgrades a priority for their practices. In fact, a recent survey shows that a majority of dentists are making new medical equipment their priority
When you’re ready to grow your dental practice, Bankers Healthcare Group is here to help! We offer dental practice financing for all of your expansion needs. Contact us today to learn more, or check out the tips below to get started on growing your dental practice. Manage Your Reputation Prospective patients often search online
Medical practice finances are complicated enough without adding multiple lines of credit into the mix. Between payment delays due to insurance, third-party processors, and changing clientele, predicting your finances on a monthly basis can be daunting. When you add in multiple debt payments with varying interest rates, loan terms and payment schedules, things can quickly
As a physician managing your own practice, you probably have a lot of goals for the future. A working capital loan from Bankers Healthcare Group can help fund many different initiatives to advance your practice and help you achieve these goals. New Technology In this fast-paced world, it’s vital to keep up with new technologies.
Starting your own practice is a huge undertaking. Even the most organized and motivated physicians can make simple missteps that further complicate the process. Luckily, Bankers Healthcare Group is here to help. We have extensive experience working with medical startups. Learn how to start a medical practice while avoiding the common startup pitfalls outlined below,
When you run your own medical practice, you have a lot to handle in your day-to-day. You might not think much about the software you use (or don’t use) or other technology that helps run your business. This can be to your detriment — if you don’t consider changing technologies, and the changing patient expectations