What Do Patient Lab Reports Have To Do With A Medical Practice’s Financial Statements?

An important aspect of managing a business is learning how to read financial statements. It's no secret, however, that most doctors don't have formal business training. So reading financial statements to some is like reading in a language you don't speak. But that is not an excuse for physicians that own or have a stake in their medical practices not to learn fundamental business principals such as reading financial statements. Learning … [Read more...]

What Do Patient Lab Reports Have To Do With A Medical Practice's Financial Statements?

An important aspect of managing a business is learning how to read financial statements. It's no secret, however, that most doctors don't have formal business training. So reading financial statements to some is like reading in a language you don't speak. But that is not an excuse for physicians that own or have a stake in their medical practices not to learn fundamental business principals such as reading financial statements. Learning how to … [Read more...]

What Does A Convenient Store And A Medical Practice Have In Common? 

The answer is, Cost Accounting. Cost accounting is one of those topics that you either find fascinating (this makes you an accountant) or find it as boring as watching reruns on C-Span. If you belong to the latter group, don't worry. I got you covered. Using a convenient store as the backdrop for the narrative, my friend Paul shares in the video below, the fundamental business principle of cost accounting and how independent pediatric … [Read more...]