Tag: Medical

Which Business Structure Is Right for Your Medical or Dental Practice?

Starting any business is no simple matter. Opening a medical or dental practice is no exception. As entrepreneurs such as Brendan Wetzel are well aware, there are many legal and financial complications to consider before you can start welcoming in clients or patients. One of the most important decisions you must make from the get-go is which legal structure your business will take. A good way to narrow down your options is to ask yourself a few key questions.

Do You Have Partners?

The organization your business takes may be very different depending on whether you are working alone or have partners. If you will be working alongside one or more other health care providers, you may wish to consider forming a general, limited or limited liability partnership.

A general partnership gives all of the partner’s decision-making power within the business, but it also leads to personal liability for each. …

3 Ways To Increase Efficiency in Your Medical Office

Running a medical office is a big responsibility. Attention to detail is imperative, but with the sheer volume of cases many medical offices and departments manage, most benefit by using one or more methodologies to improve organization. Here are three ways to increase efficiency in your medical office.

1. Take advantage of modern technology.

Today‚Äôs medical departments can take advantage of many different tools and software programs to help manage heavy caseloads with ease. For example, advanced databases make recordkeeping fast and allow for easy updates. Inspecting your machinery regularly is also recommended, as a charge review can help you find outdated coding that costs time and money.

2. Set up regular employee meetings.

Organizing regular meetings for your office staff is a great way to make sure everyone feels comfortable in their roles and understands office priorities and policies. Such meetings give people the chance to ask questions about …