5 Tips for Physician-Owned Businesses to Overcome 2014’s Challenges

Small businesses, including physician-owned practices and ambulatory surgery centers, face several challenges in 2014 as the roll-out of healthcare reform is furthered and economic growth has been small.

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CFO Consulting Services Founder Lawrence Teicher offers several tips for small businesses to remain financially healthy in the coming year in a recent article:

 

1. Solidify online marketing strategies.
2. Prepare for how healthcare reform will impact staff benefits.
3. Monitor cash flow with software applications to track profit and expenses.
4. Hire a CFO to reduce expenses, improve cash flow and manage risk.
5. Move to a cloud-based service.

 

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