Setting up a new medical practice is an exciting endeavor, but it involves a series of essential steps, with licensing being one of the foremost. Licensing is the legal authorization that permits healthcare providers to offer medical services within a specific region or state. Understanding the intricacies of licensing is critical for a smooth and compliant practice startup. In this section, we will delve into the essential insights into licensing for your new medical practice.
Effective collection practices are essential for the financial health of any medical practice. Unfortunately, it’s not uncommon for practices to struggle with collection, leading to lost revenue and financial strain. The good news is that there are steps you can take to streamline your practice collection process.