Tax Implications and Sale Considerations When You Sell Your Practice

Selling Your Practice? Understand the Implications of a Sale Structure and Related Tax Considerations The legal and financial implications that arise from selling your practice are quite significant. The implications of a sale will result first and foremost from the structure.  Once the sale structure is determined, then the legal structure of your practice and…

Leadership Development Strategies to Grow Your Dermatology Practice

When it comes to running a successful dermatology practice, one of the most frequent challenges we hear dermatologists cite is finding ways to adapt and thrive in our current healthcare climate. Once upon a time, a medical practitioner could perhaps practice quietly until retirement without many changes in their practice, but those days are seemingly…

Financial Impropriety: Protect Your Dermatology Office

How to Protect Your Practice Against Financial Impropriety Nobody likes to lose money, but according to the American Academy of Family Physicians, forty percent of health clinics surveyed have experienced some form of financial crime in the past five years. Additionally, KPMG estimates that the majority of financial crimes are not caught or go unreported,…

Creating the Optimal Patient Experience in Your Dermatology Practice

One of the most effective ways to grow your dermatology practice may be through word-of-mouth advertising; happy patients are far more likely to talk up your practice to their friends and family, and if they are happy with their experience at your practice, the people they talk to are for more likely to become your…

Using Social Media to Grow Your Dermatology Practice

Does your dermatology practice have a well-known brand? How do your patients refer to your practice? If you can’t easily answer these two questions, consider starting by identifying your mission and vision statements to help you grow your dermatology practice. Once you have an easily identifiable brand—and if you’re not sure if you do, simply ask…