Stay on top of the latest in the healthcare industry with our free educational Business Insights e-newsletter and web seminars designed exclusively for medical, dental and veterinary practices. The focus of these educational tools are relevant topics to help you effectively managing your practice.
Payment systems can help your practice improve tracking of who owes what and when.
Collecting and tracking payments can challenge any business, but medical practices face added and unique hurdles.
Fraud schemes can compromise your practice. To mitigate risks, take these actions.
While the basics of good online security are well-known — different passwords for each account, changed regularly — online fraud should remain a concern for medical practices, given their responsibility for patient privacy.
Grants and special loans can make country locations financially appealing.
The countryside is a peaceful place of open spaces and a land of opportunity.
Wherever you choose to establish your medical practice, you also will want to plan for the healthcare needs of you and your staff, including having a plan for long-term healthcare. Unfortunately, this type of coverage is expensive no matter where you live.
In 2012, total spending (public, out-of-pocket and other private spending) for long-term care was $219.9 billion, or 9.3% of U.S. personal healthcare spending. This is projected to increase to $346 billion by 2040.
Many practitioners know about this looming expense. According to an AMA Insurance survey on financial preparedness, the ability to pay for long-term healthcare was among the top three worries for practitioners in their 50s and 60s. Experts advise that you factor this cost into your retirement and overall financial planning.
Here are some things to keep in mind as you plan:
Talking with a financial planning professional about how you can prepare for the long-term care needs of you and your staff can help you make informed choices.
Resources, Perspectives and Insights from PNC
Find out more about PNC’s experts, values and priorities through interesting stories on timely and relevant topics such as finance and the economy, community involvement and banking innovation.
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Stay up-to-speed on best practices and the latest industry-specific tends, hot topics and banking strategies.
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Business Insights for Dental Professionals/Business Insights for Healthcare Professionals is prepared for general information purposes by Manifest, LLC and is not intended as legal, tax or accounting advice or as recommendations to engage in any specific transaction, including with respect to any securities of PNC, and do not purport to be comprehensive. Under no circumstances should any information contained in the presentation, the webinar or the materials presented be used or considered as an offer or a commitment, or a solicitation of an offer or a commitment, to participate in any particular transaction or strategy, nor should it be considered legal advice. Any reliance upon any such information is solely and exclusively at your own risk. Please consult your own counsel, accountant or other advisor regarding your specific situation.
Neither PNC Bank nor any other subsidiary of The PNC Financial Services Group, Inc. will be responsible for any consequences of reliance upon any opinion or statement contained here, or any omission. The opinions expressed in these materials or videos are not necessarily the opinions of PNC Bank or any of its affiliates, directors, officers or employees. Banking and lending products and services, bank deposit products, and Treasury Management products and services for healthcare providers and payers are provided by PNC Bank, National Association, a wholly owned subsidiary of PNC and Member FDIC.
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