Practical Management for Independent Practices
This excellent post is from Pacific Northwest Healthcare Practice Consultant Lonnie Hirsch of Hirsch Healthcare Consulting. Lonnie has identified top 10 challenges that face physician-owned independent practices. The list includes financial and profitability challenges, the emotional states of being overwhelmed and confused, time and resource constraints, physiological barriers to success, and more…
Potential Strategies for Physicians When Considering The New 20% Pass-Through Deduction
Tax reform, commonly referred to as the Tax Cut and Jobs Act, has many new provisions that became effective for tax years beginning January 1st, 2018. One provision in particular created a deduction up to 20% of “qualified business income” earned from pass-thru entities and sole proprietors…
Depreciation Tips for Small Healthcare Clinics
Growing your practice by investing in new high-technology medical equipment is one of the best strategies for the success of your business. Interest rates are still very low and business loan interest is still 100% tax deductible. The newest technology … Read more…
WEBINAR: Tax Reform & Planning Opportunities for Physicians, Dentists, and their Practices
In this free webcast, you’ll learn about the potential planning opportunities available to you and your medical or dental practice, and how the changes could impact your tax liability for 2018. We’ll review changes to tax rates, exemptions, credits, Section 179, the new 20% deduction for qualified business income (also referred to as the “pass-through deduction”), and new considerations for your business entity…
Healthcare CPAs Provide Help to Improve the Health of Your Bottom Line
Declining reimbursement rates are one of the top problems facing medical clinics today. Given that private and government insurance plans are facing challenges of their own, this trend is likely to continue for a long time…
Benchmarking Your Key Performance Indicators
Many practice managers do not perform any kind of benchmarking and therefore never realize the true potential of their practice. With minimal improvements, a practice can see a significant increase in cash flow and a better bottom line.
