Practice Management and Profitablity
Owning a practice gives you the rare opportunity to truly control your career and financial destiny. The path certainly isn't easy and there are multiple ways to both success and failure. Learn some tips on how to make your practice thrive and become more profitable below:
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Private Practice SpotLight: Starting Cold
Dr. Sam Johansen OD knows a thing or two about starting a practice cold. With two successful growing practices under his belt (in Greenwood, SC and Newberry, SC) and a third underway, Dr. Johansen exemplifies how hard working entrepreneurship mixed with faith and a fearless attitude can result in an ever growing network of business.…
Health Savings Account (HSA)
What is a Health Saving Account (HSA) aka “Stealth IRA”? Alright, let’s chat about the Ninja in the Room (Haha, I crack myself up) which is the Health Saving Account (HSA). If you are enrolled in a high-deductible health insurance plan, you can open an HSA either outside or via your employer. For 2019, the…
Purchasing a Practice – The 4 Methods of Valuing a Practice
There are a myriad of ways to calculate the value of the practice. Although some methods may be used more than others, there is no “100% correct way” of valuing a practice. Ultimately the value of a practice becomes a mutual agreement between the potential seller and potential buyer. The buyer assumes it to be…
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