Professional Business Management, Inc.

06/05/2026

In this article, we’ll explore buy-in and buy-out arrangements, including reasons why you should consider offering equity to associate doctors, how to determine a fair price, common payment structures, and the legal and tax implications.

Read the full article: Buy-In vs. Buy-Out: Structuring Fair Deals with Associate Doctors
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06/04/2026

Keeping patients engaged isn't just good medicine — it's good for your practice. Research shows that engaged patients are more likely to follow their treatment plans, have the confidence to achieve their health goals, and experience better outcomes. Simple steps like communicating with patients before their appointments, using plain language instead of medical jargon, and making it easy for them to ask questions can go a long way. Practices that invest in the patient relationship tend to see stronger loyalty, fewer no-shows, and a better overall experience for everyone.

Strong patient engagement and clear patient-provider communication empower physician practices to improve health outcomes and reduce costly malpractice claims.

06/03/2026

Once you have a baseline understanding of your revenue and financial goals in your practice, it’s time to identify key investment areas.

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06/02/2026

Tax planning isn't something to think about only in April — it's a year-round strategy that can make a real difference for your bottom line. Running a medical practice comes with high fixed costs and tax complexities that require foresight. Health savings accounts, tax-advantaged retirement plans, and charitable giving strategies are all ways to reduce what you owe. With recent tax law changes creating new opportunities around equipment deductions and retirement contributions, now is a great time to review your strategy with an accountant who specializes in healthcare practices.

Discover essential tax planning tips for doctors to maximize savings, reduce liabilities and build wealth while complying with current regulations.

06/02/2026

Keep in mind that straight forward, plain language is the best route in case presentation when explaining the treatment options to patients.

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06/02/2026

In this article, we’ll explore the tax implications of hiring family members in your practice, including the specific IRS guidelines that you need to follow to remain compliant.

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05/28/2026

Should you lease or buy that new piece of equipment? There's no single right answer, but here's a useful rule of thumb: if you can easily afford to buy outright, do it. If buying would strain your finances but you have good credit, leasing may be the smarter move. And if the technology has been changing rapidly year over year, you probably want to lease. Leasing keeps cash flowing and lets you upgrade more easily, while buying builds equity and lowers your long-term cost. The key is to match the decision to your practice's specific situation — and to run the numbers with your accountant before signing anything.

Discover the essential guide for medical practices to navigate equipment acquisition decisions. Learn how to evaluate lifecycle readiness and make informed choices between buying, leasing, or renting medical devices to balance clinical needs, operational demands, and financial constraints.

05/26/2026

Your income statement (also called a profit & loss statement) is one of the most powerful tools you have for running a healthy practice — but only if you're actually using it. Savvy practice owners know to review their income statements monthly, not just once or twice a year. A monthly review helps you catch trends early, spot unusual expenses, and compare your numbers against prior periods before small problems become big ones. If you're not sure where to start, ask your accountant to walk you through the key line items — it's one of the best conversations you can have for your practice's financial health.

Don't know your EBITDA from your elbow? Then this primer on reading a financial statement is for you.

05/19/2026

Improving recurring revenue might look like developing a patient retention strategy to increase their lifetime value, focusing on collections, or adding new services.

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05/13/2026

Knowing upcoming revenue forecasts and setting financial goals are crucial to solidify sustainable growth to support expansion and new hires in your practice.

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