Below you'll find a list of all posts that have been tagged as “Financial Management”
If you’ve not heard the term “cost behavior” before, you’re not alone. Janet M., APRN, hadn’t either, not once in the four years since starting her practice. That is until one day, late last summer… She had almost clicked the “ORDER NOW” button when it dawned on her. She was about to order three times …
Are you starting your own practice? Or maybe you’re thinking about starting one? Either way, just as with any new career or job, there will be a learning curve. Sometimes that learning curve is smooth and easy; other times, it’s steep, jagged, and drawn out. But that’s ok because some learning is to be expected …
How effective is your process for collecting money upfront, at the time of service? Do you have to stop and think, or do you know your answer? If you do, congratulations! You belong to a select few who know the numbers of their business, including payments from patients. Unfortunately, many practices find it challenging to keep …
“I just didn’t see it coming!” If you’ve ever uttered these words, you know what I mean. Sometimes, it’s like “things” sneak up on us… A leaking roof A relationship that’s falling apart A financial dilemma While it may seem that “situations” appear out of nowhere, could it be we’re missing the early warning signs? …
Nurse practitioners, physician assistants, and other healthcare providers who are in practice today are concerned with the rising costs of providing healthcare, all while getting less and less in reimbursement. At the same time, they see the need for services is on the rise. But to continue to provide those services, they have to bring …
If you’ve been in practice long enough, chances are you’ve had more than one bankruptcy notice land on your desk. The notice informs that one of your patients has filed for bankruptcy. As a listed creditor you are to cease any attempts at collecting outstanding debt at once. That’s right: no more phone calls, letters, …
Part 1 – What To Check The majority of small businesses started within any given year will be gone within five years. And 80% of the ones left won’t make it past the ten-year mark. Scary numbers, right? So why do new small businesses pop up every day, even though most people know there is …
