Anything that disrupts a business' cashflow is a serious problem that needs to be solved quickly. But, although they are more likely to be affected by late payers than large companies, many small and medium sized businesses do not take positive action against debtors.There are a number of reasons for this:Fear of losing customersA large company will probably be better off without its late payers. In contrast, a small business that...more
It's no secret that the most competitive verticals online like Golf, Finance, Forex, Real Estate, Health and Internet Marketing are extremely competitive. That's because these are known as Global Markets, which means people participate in these from all over the world. But what about Mary's Hair Salon in Birmingham, AL or Grubby's cafe in Oceanside, CA.? These are what they call local businesses, and to date very few of these types...more
Besides staffing and insurance, medical supplies are one of the major expenses of modern medical practices. Physicians who run traditional offices often discover that they have to sacrifice their own income in order to furnish their office with the supplies necessary to tend to their patients, particularly as they wait for reimbursements from insurance company claims. Offering services at negotiated, lower rates is frustrating for doctors, who must keep their offices supplied regardless of how much cash they have on hand. This cash flow dilemma often encourages modern physicians to search for new healthcare marketing strategies.One of the main reasons that medical practice marketing companies suggest transitioning to a cash only practice is to streamline your offices business operations. For this reason, many physician marketing firms will advise that doctors keep this same philosophy when they purchase medical supplies. Rather than buying supplies on credit or using an ongoing tab that has to be balanced periodically, it is best to only use cash for these transactions. This policy means, of course, that your office will need enough cash on hand to make these medical supply...more
If you own a truck or a similar vehicular company, you would know that one of the most effective tools that are available for you is the new age computer software. So you would wonder what kind of software is used. It is entirely a web based trucking software solution for your Trucking and Freight brokerage needs. So how is this new software better...more
Many physicians began their professional careers excited about the opportunity to care for their patients and optimistic about the income potential, only to find out the reality of modern healthcare is not nearly this simple. The typical workday for doctors includes a steady flow of patients, interrupted only by the completion of stacks of...more
With todays medical environment so reliant on complicated insurance company regulations and intricate billing procedures, many physicians are looking for niche medical practices that will allow them to maintain their income standards while decreasing their paperwork at the same time. One such niche is a cash only medical practice, which is basically a medical office that does not maintain contracts with insurance companies and instead requires patients to pay cash for medical services rendered. Ending your contracts with insurance companies and building a successful cash only medical practice will likely take some time, and many physicians decide that they need to have a gradual changeover rather than an overnight exchange from an insurance pay to cash pay medical practice. If a cash pay medical practice sounds like it may be the type of office you would like to run, it may be time for you to begin doing some market research to find out if your practice has the potential to be successful: What is the condition of your local market? Does your local community have a large number of uninsured or affluent patients? If you do run a medical practice in an affluent community, you may be...more
In order to be successful with your business, you must have an online presence. It's important to know how to market your business online for free. Free ways, along with paid methods are both a necessity in order to get some sales and...more
Initially, many physicians may be excited about the thought of severing their ties with insurance companies once and for all, forgoing the piles of paperwork that go with insurance contracts and patient billing as you begin a cash only medical...more
In business spheres, there remain many myths. Particularly when we think of small businesses, there are many things and beliefs which are not actually true. People feel small businesses do not need strategic planning. But in reality at micro levels...more
In todays scenario almost each wages based person is having somehow appalling credit past. Actually, no one wants to bear a shocking praise record but due to todays economical circumstances many people get this type of record. But it is wrong to...more
While many people assume that physicians today earn substantial incomes and enjoy large periods of leisure time, the reality is that most doctors put in long workdays and end up relinquishing a large portion of their fees to insurance companies and...more
In todays healthcare environment, much of the overhead of medical practices is spent by doctors who must hire office staff to keep up with the amount of paperwork necessary to file insurance claims and complete patient billing. Frustration with the...more
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