Fresh perspective for financial success
Category: Finance
I know doctors, sometimes better than they know themselves. That is, at least when it comes to their financing needs. As President of the Lending Division at Bankers Healthcare Group, I speak with healthcare professionals every day about funding. You see, a doctor, really most healthcare professionals, have unique needs and expectations that are dramatically…
As a doctor and entrepreneur, Scott Jacobson, D.O., finds financial independence very important. And though the challenge of medicine is enjoyable for him, the costs of operating an independent practice—from facilities and equipment to payroll—add up fast. Dealing with Business Expenses the Smart Way Dr. Jacobson understands that running his independent medical practice takes money…
Spring has officially sprung, which means that it’s time to do some deep cleaning. Just as you would tackle every corner of your home when the new season hits, your finances deserve the same careful attention. With the first quarter swept under the rug and tax season behind us, here are some ways to help…
Healthcare professionals require a lot of training and education. It’s not an easy job (as you know), and when you get home from a long busy day on your feet, the last thing you’re going to want to do is crunch numbers. You take care of people all day, so caring for yourself—especially financially—might feel…
Loans come in all shapes and sizes, and to find the right one for you requires research and thoughtfulness. For example: personal loans or business loans can come with fixed rates or variable rates, and the difference between the two is pretty significant, with discrete differences. A fixed rate allows you, as the borrower, to predict…
Budgeting as a business is hard enough. And budgeting as a medical practice presents its own set of challenges. Now that tax season has crashed down upon us, it’s time to start going over last year’s expenses, costs, and Uncle Sam debts. As you go over last year’s files, don’t forget you’re eligible for specific…
So many conferences, so little time. We love going to conferences—seeing new emerging technologies, meeting peers and old and new friends, and learning about where various healthcare fields are headed. Going to conferences helps us do our jobs better, and we love that. Here are a few North American expos and conferences we’re looking forward…
The job of caretaking is stressful. And you do it every day—helping others live healthier, safer, happier lives. So to do that job as well as you can, you want to be showing up as free as possible of your own worries, anxieties, and frustrations. To help ease your financial burden, we’ve put together a…
With high-deductible insurance plans on the rise, patients are having an increasingly difficult time paying their medical bills. And, these mounting uncollected payments can put a serious strain on cash flow and wreak havoc on your practice. Making it easy for a patient to pay their bill will always work in your best interest. Payment…
The holidays are a whirlwind of buying and it’s easy to let your guard down when it comes to your finances. Here are 3 surefire ways to keep your credit utilization in the safety zone and your credit score on the rise. Know your credit limits. Whether that involves double-checking your monthly statements or your…