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The Importance of Synergy for Continual Improvement in Your Medical or Dental Practice so 1+1=5.
It is impossible for one person to summon all the knowledge necessary to make an idea complete. Therefore it is better to bring 'seeds' or s
Doctors CFO
Feb 17, 20207 min read
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What Do Financial Statements Tell You About Your Medical or Dental Practice?
Though the profit and loss, statement of cash flow, and balance sheet are necessary for any business, financial statements for a Medical or
Doctors CFO
Jan 23, 20207 min read
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Why Is It Important to Understand Your Practice's Financial Condition?
Whether they specialize in dental, chiropractic, podiatry, dermatology, integrative medicine or any other medical or dental specialty; it is
Doctors CFO
Jan 8, 20206 min read
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What is a Chief Financial Officer (CFO)?
Like a doctor, a CFO needs experience in and out of the classroom. Typically they have an accounting degree and a Masters in business.
Doctors CFO
Dec 30, 20197 min read
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How to Make Smarter Purchases for Your Practice.
Have you ever walked around your house and wondered "Why did I buy this?" when you have only used the item once or maybe never?
Doctors CFO
Dec 11, 20195 min read
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Reputation Protection: When You Throw a Doctor Under the Bus, You Throw the Profession Under the Bus
A doctor's reputation will influence the individual success of the doctor, but also has an impact on the public's view of the specific field
Doctors CFO
Nov 21, 20196 min read
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How to Plan for Employee Salary and Raises
From our experience in medical consulting and dental consulting we know that employee salary, bonuses, and raises are a strategic way to mot
Doctors CFO
Nov 7, 20196 min read
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What is the Most Important Question to Ask Yourself When Evaluating an Employee?
Holding regular employee evaluations is an important part of managing your practice. Performance can be monitored and employee growth can be
Doctors CFO
Oct 23, 20196 min read
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What is Better, More or Less Patient Treatment Options?
For the sake of patient autonomy, often doctors feel inclined to give their patients a multitude of treatment options. While patients ultima
Doctors CFO
Oct 10, 20198 min read
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Should More Numbers be Tracked Less Frequently, or Fewer Numbers be Tracked Daily?
Just as medical and dental professionals use clinical data to make decisions about patient treatment, they should be using daily Key Perform
Doctors CFO
Sep 23, 20196 min read
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Why Should My Reporting System Be Different From My Medical/Dental System?
The focus of today's article will be on the importance of having a reporting system that is independent from your medical or dental system (
Doctors CFO
Sep 9, 20196 min read
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What are the Essential Ingredients of an Employee Appraisal?
Now we would like to discuss how to do a performance appraisal on your employees. Too often, these reviews are complicated and there is conf
Doctors CFO
Aug 26, 20196 min read
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How to Implement an Employee Accountability Program
his article will cover how to start an employee accountability program. Even if you hired an employee that is detail-oriented, works well as
Doctors CFO
Aug 14, 20197 min read
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How to Start a Practice Management Accountability Program
The focus of this article will be practice accountability. Many doctors assume that their staff is obliged to do jobs correctly and efficien
Doctors CFO
Aug 5, 20196 min read
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What Are the Roles of a Wealth Advisor?
Many doctors and dentists are not experts at financial planning, and that is why we recommend practice owners meet with a Wealth Advisor
Doctors CFO
Jul 24, 20196 min read
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Pop Goes the Weasel
Last weekend, my wife heard strange sounds coming from my backyard where my three small dogs like to play. Not only did she hear them barkin
Doctors CFO
Jul 11, 20195 min read
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How Will Standards Align Employees and Improve Outcomes?
In this article, we would like to suggest an approach to help you manage your employees when they say "you are treating me different." Or yo
Doctors CFO
Jun 26, 20195 min read
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What Does Your CPA Expect Your Spouse or Long Term Partner to Know About Your Practice?
Since we have already covered the important things that a CFO would need from a spouse acting as the owner, this article will focus on what
Doctors CFO
Jun 10, 20196 min read
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What Does Your CFO Expect Your Spouse or Long Term Partner to Know About Your Practice?
In this article, we would like to focus a little more on the sixth responsibility of the owner's spouse or trusted long term partner; Prepar
Doctors CFO
May 23, 20196 min read
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What Responsibilities Does the Doctor's Spouse Have Towards the Practice?
This blog will be focusing on the roles of someone who is not necessarily an employee but an important member of the practice family, the do
Doctors CFO
May 8, 20196 min read
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