Finance

Inflation Considerations

If your pricing strategy is tied to inflation, then yes, a greater increase is needed now to counteract rising costs.

Practice Management

Who’s Your Go-to Person?

Practice managers should be encouraged to put their hard-earned skills to work.

Finance

Unpleasant Consequences

If you want the best price for your practice, it must be profitable without you.

Practice Management

How Average Are You?

Don’t automatically fear the worst if your practice defies industry benchmarks. You might have good reason to be where you are.

Practice Ownership

Your Ownership Choices

Single-doctor practices aren’t corporate magnets. Consolidators are more interested in larger, multidoctor practices.

Finance

How to Account for Your COGS

A chart of accounts is a framework for financial statements, similar to how the skeletal system is a framework for the body.

Practice Ownership

Ownership Is a Great Idea

As a practice owner, you choose the equipment to buy, the hours the clinic is open, the philosophy or style of practice, the mission and the core values.

Practice Ownership

Know When to Walk Away

Reputable consolidators want you to feel good about the offer. They will not balk when you need to confer.

Finance

How Much Profit Is Enough?

How you spend excess money is your decision, not your adviser’s, but make sure you set goals and have a path to attain them.

Finance

The Whole Picture

A cash stockpile can leave you with a false sense of security if you fail to scrutinize all the systems that keep your practice humming.

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