Hiring a bookkeeper will be one of the top decisions you make when you launch your new private practice. Having a responsive, reliable and resourceful bookkeeper you can bank on to tell you where the money is coming and going will be just as important to your private practice as handling the evolving demands of your client base. A bookkeeper will play a key role in understanding the direction your new business is headed. Bookkeepers provide the crucial services needed to keep your business running. Among their many responsibilities are:...
HOUSTON, Texas - July 11th, 2022 - Ease, a Houston-based digital health startup, today announced the “Ease 50” fellowship, a program developed to help 50 Physician Entrepreneurs build and launch their own medical practices.
New name, same mission, now easier with POP. We're not just a digital health care company helping clinicians start, grow, and manage private practices; we’re a healthcare fintech company. Private practice formation is our wedge to build the clinical practice operating system that will power the future of private practice, globally. Our Financial Practice Operations Platform or POP, provides clinician entrepreneurs with everything they need to start a new private practice 100% from the ground up.
As a therapist, making the decision to start your private practice can be incredibly overwhelming. Many feelings, doubts, questions or thoughts may come up. How do I start? What do I need to know? Can I do this? Unfortunately, graduate school doesn’t teach us how to start or run a business. If you’re having questions about how to get started, you’ve come to the right place. One of the first important decisions therapists can make is choosing the right type of business entity to form. Your business entity will determine the structure of your business, limited liability protections, and tax implications. A business entity is a legal entity and one formed by one or more individuals to conduct business. One of the main benefits of forming a business entity is creating a legal distinction and protection between yourself and your business. This means that should you be sued, you are not personally liable. For example, if you lease an office and someone trips and falls in your office, the business would be liable and your personal assets would be protected such as your home, car, retirement benefits, etc. When electing a business entity, it is important to consider the type of liability your business may expose you to and weigh the risks and protections to your personal assets. It is important to understand business entities do not protect you from malpractice liability as professional liability are the actions you take as a licensed healthcare professional, which is separate from your role as a business owner, and you should consider obtaining malpractice insurance coverage for your practice.