"When many cures are offered for a disease, it means the disease is not curable" -Anton Chekhov
''Once you tell people there's a cure for something, the more likely they are to pressure doctors to prescribe it.'' -Robert Ehrlich, drug advertising executive.
"Opinions are like sphincters, everyone has one." - Chris Rangel
Winter Was Hard: It's been just a little over six months now that I've been in solo practice, and if there's one piece of advice I would give to others planning to start a practice, it would be not to start it in the last business quarter of the year - unless you're a cash only practice. Most medical practices see very little money the first three months in business because it takes about ninety days for insurance companies to process payments. But in December, insurance companies also stop paying their bills. It makes their budgets look better. And, although they pay them finally in the first weeks of January, things slow down again the first three months of the year because patient deductibles start all over again. So, a practice that begins billing in September doesn't start to see a good cash flow until March or April.
But now, Spring is around the corner. The snow is melting, the sweet pea seeds the kids have been nurturing on the kitchen counter have sprouted, and the dirt in the garden is visible for the first time since December. The cash flow is beginning to move in the right direction, and, like a lot of other people, we're expecting a nice tax refund that will help pay for our winter debts. Here's to Spring! posted by Sydney on
3/24/2004 08:11:00 AM
0 comments
