A successful business seeks to know what its customers want most and then delivers. Starbucks, one of the most recognized and admired brands in the world, has made connecting with its customers a key ingredient to their business culture and their bottom line. A Value-Based Business Healthcare is moving from a business of volume to […]
Employed or Independent: What Direction is in Store for You?
Back in the early and mid 90’s many doctors considered selling their independent practices to hospitals or merging with larger practice groups. Many at the time were fearful of what effect “managed care” would have on their practice. Selling out seemed to be the right answer. Our own clients were not immune. For those who […]
5 Areas to Work On Your Practice This Year
Many healthcare providers find themselves buried in the details of “working in” the practice rather than “working on” the practice. But for a practice to grow and thrive, the owners of the business need to find time occasionally to step back and assess the big picture. From my experience, this is easiest to do at […]
Non-Cash Charitable Donations: What You Need to Know
Our tax team does many more standard deductions these days, but some of our clients still benefit from taking an itemized deduction. For those that do, many will provide us with a list of items that they donated to their favorite charity. The IRS has specific rules you must follow in order to get the […]
Practice with a Purpose: 7 New Year’s Resolutions for Healthcare Providers to Consider
1. Manage by the numbers If you can’t measure it, you can’t manage it. A key to making improvements to your practice in the New Year is to measure the objectives of your particular goal. But don’t go overboard on this or you find yourself bogged down in the analysis. For starters: Collaborate with your healthcare business consultant to identify […]
Don’t Be Afraid to Try
In a fit of cleaning things up this morning, I came across a short article tucked away in one of my binders. This is what it said… So often we are scared. Scared of what we might not be able to do. Scared of what people might think if we tried. We let our fears […]