While doctors sometimes "fire" uncooperative or non-paying patients, the reverse can also happen. Patients can become dissatisfied with their current physicians and switch to new ones. Obviously, this might not be good for your pocketbook or reputation.
Sometimes, there's nothing you can say to departing patients besides wishing them well. For example, if a patient moves out of the area, you are unlikely to provide future treatment to them. But, in other cases, you can take control over the issues driving patients out the door and make needed changes.
In the News
Tuesday, September 6, 2022
Tuesday, September 6, 2022
If your company has a qualified retirement plan or you have set one up in self-employment -- such as a 401(k), profit-sharing, or Keogh plan -- the participants might be allowed to borrow from their accounts. (This option is not available for traditional IRAs, Roth IRAs, SEPs, or SIMPLE-IRAs.)
Tuesday, September 6, 2022
Inflation has been heating up and is expected to continue at least into the fall, possibly longer. Where does this forecast leave nervous investors?
Tuesday, September 6, 2022
The average cost of a data breach has risen to a record high, according to a new study by the independent research firm Ponemon Institute. The study found that the global average cost grew from $4.24 million per incident in 2021 to $4.35 million in 2022, an increase of roughly 2.6%.
Tuesday, August 23, 2022
As manufacturers look for opportunities to cut costs, equipment downtime is an important area to address. A breakdown, even for just an hour, reverberates through the manufacturing process. It can slow or halt production, leave employees idle, and play havoc with just-in-time delivery schedules.
Tuesday, August 23, 2022
Construction employers are fined millions of dollars each year for OSHA violations. The citations that result in fines are often overlooked by supervisors. Although employees usually receive generic information about OSHA standards in most workplaces, it's important to implement training procedures that make OSHA's rules clear.
Tuesday, August 23, 2022
On a regular basis, most physicians have patients that refuse or forget to pay bills. Every business deals with this problem, but medical practices have their own unique set of problems with unpaid bills. First, you can't retrieve the service you provided.
Tuesday, August 23, 2022
It's an age of personal responsibility. Even if your nonprofit's board members do everything in their power to make good governing decisions, legal liability can potentially lead to their financial ruin. Here's how to protect your board.
Tuesday, August 23, 2022
When you adopt a child, you could bring home more than a bundle of joy. You may also be in line for a valuable tax credit.
Tuesday, August 23, 2022
To help curb record-setting inflation, the Federal Reserve Bank enacted its second consecutive 0.75-percentage-point increase to the Fed Funds rate on July 28. Despite the Fed's aggressive moves, significant uncertainty remains. Financial analysts are unsure whether the rate increases will work — or where the stock and real estate markets are headed.
Clearly, this isn't an ideal situation for retirement savers, especially those nearing that goal line. You might be thinking about investing a portion of your nest egg conservatively and in a way that also offers some safeguards against inflation. Here's an option to consider.
