Pnc Bank Healthcare

Building a successful partnership takes dedication and long-term commitment. According to the CMO Council, up to 60% of strategic business partnerships fail, and untangling yourself from a broken partnership can be messy. While there are no guarantees a partnership will work, considering the following basic questions in advance may help you decide whether it makes sense to move ahead.

Running a healthcare practice calls on not just your medical skills but also your leadership abilities. This podcast offers tips on strengthening your leadership skills.

As a healthcare professional, you know every minute saved will ease your stress and improve your practice. This podcast offers ideas to help your office run more smoothly.

You know how important it is to hire the right team members, but how do you find them? This podcast offers tips on writing a job description that works.

When you spend so much time taking care of your patients, it can be challenging to be asked to attend to additional concerns. This podcast offers tips on how to handle time-consuming office tasks and maximize your efficiency.

Cash is the lifeblood of any business, and healthcare practices are no exception. Forecasting your cash inflows and outflows can help you foresee potential shortfalls and give you enough time to put a solution in place. This podcast explains how to create a cash-flow projection and use it effectively.

Your practice, like any business, spends money to make money. But how and where you do so involves numerous tactical decisions that can easily slip your notice. Even if you work with a bookkeeper and an accountant, periodically checking your financials will give you a better sense of how your practice is spending its money.

When your practice has a banner quarter or year resulting in a significant profit, congratulate yourself but don’t rest on your laurels. An occasional bounty is an excellent opportunity to strengthen your practice’s financial underpinnings for years to come.

Patient payments are the lifeblood of your practice, and they can be a challenge to collect. Whether it’s the copayment, the deductible or the insurance payments, breakdowns often crop up in the payment process. The good news is most practices can improve their payment processes. Here’s how.

Thinking about retirement is no longer a future event for many Americans; most of us recognize the need for careful planning throughout our working years. This planning often entails saving and investing with the goals of meeting cash flow needs in retirement, preserving capital and managing risk. This podcast reviews the threats you're up against.

Knowing what your practice is worth is an essential resource for estate planning and making business decisions. And when you start to think about selling your practice, having regular valuations that you’ve updated over the years will give a prospective buyer that much more confidence that you’re asking a fair price. This podcast reviews the three practice-valuation methods.

When you join a new practice, your function may seem self-evident. You’re coming on board to see patients and share the caseload. But do you really know what’s expected of you? Every practice is different, and the fewer surprises you encounter, the greater your chances of finding a happy fit. This podcast shares strategies to help facilitate a smooth transition.

However solid and secure they seem, paper checks in fact contain enough coded information for a motivated thief to find a way into your bank account and start pilfering. Online banking transactions are safer, faster and more efficient. The following podcast explains how online banking can benefit your practice.

Since the financial crisis, though, banks are increasing their diligence and vigilance in underwriting loans. This means that even small practices may need to step up their financial reporting and oversight. The following podcast may help point you toward an approval.

If the word “taxes” immediately calls to mind April, fast-forward your calendar by a few months and take a closer look at your tax picture before the end of the year. This podcast offers ways to get your finances in shape ahead of the deadline.

In the second podcast in this two-part series, we'll provide information about finding the value of your practice and planning to sell before the sale is imminent.

In the first podcast of this two-part series, we'll provide information about maximizing your purchasing power and mitigating your risks when you buy an existing practice.

In the second podcast in this two-part series, we'll provide information about finding the value of your practice and planning to sell before the sale is imminent.

In the first podcast of this two-part series, we'll provide information about maximizing your purchasing power and mitigating your risks when you buy an existing practice.

If you’re thinking about starting or expanding your practice, funding will be one of your first concerns. As a practice owner, you may be tempted to turn to friends and family for loans. In this podcast, we’ll tell you about some of the better borrowing options out there.