It’s no big secret that many private healthcare practices are struggling. According to a 2011 survey from CNN Money, half of all doctors in the nation operate a private practice, and many list reduced reimbursements, mounting drug costs, and changes in regulations as key factors hurting their profitability. While most […]
Dr. J, a young Veterinarian, and her husband set out to build their own clinic early last year. While building a practice from the ground up – as opposed to buying one outright from another practitioner – can lead to a numerous rewards and a great deal of independence, it […]
This is the fourth installment in our series, “Establishing Best Practices for Extending Credit in Today’s Economy.”
In our previous blog post, we discussed strategies to consider in developing your customer credit program. One of these is deciding which procedures or types of transactions to include in the program and what types […]
This is the third in our series, “Establishing Best Practices for Extending Credit in Today’s Economy”.
In our previous Best Practices’ blog post, we discussed the value of developing a written plan for extending credit and formalizing the credit process. As part of developing an overall strategy behind offering credit to your […]
This is the second in our series, “Establishing Best Practices for Extending Credit in Today’s Economy”.
According to a 2008 survey conducted by GfK Roper Public Affairs and Media, when faced with a medical expense over $1,000, one out of 10 people surveyed stated that they would seek a payment plan/monthly payments […]
This is the first in our series, “Establishing Best Practices for Extending Credit in Today’s Economy”.
Successful businesses in elective healthcare, dental care, and veterinary services use customer financing to maintain and grow their sales. Like accepting different forms of payment, such as credit cards, extending credit is becoming more popular as […]