Budgeting & Building Wealth in Private Practice

Overview: Managing the financial aspects of private practice can be extremely challenging for any healthcare professional. Graduate level clinical training programs historically do not train students in business models, even basic budgeting and financial management. This webinar will introduce the private practice owner to the basics of budgeting and financial management, investing for the future, and protecting one's wealth throughout ownership and beyond.

Emphasis of this webinar will focus first on basic budgeting, including across board expenses that are often found in private practice. While this is beginner's work for the practitioner thinking of starting a practice, it's a needed review for those participants who are already in practice ownership. Both types of participants will benefit greatly from a thorough review of expense/income layouts along with specialized cost reducing behaviors that are guaranteed to save money on the expense side of your financial ledger.

Following this basic review of creating a realistic budget along with covering cost saving expense reduction strategies, participants will learn a fiscal banking and management strategy that ensures 100% coverage and timely tax payments, disbursements of personal income, and a savings plan to cover future investing.

Specific investment strategies are discussed to help familiarize the practice owner with methods for creating wealth beyond simply one's annual practice earnings.
Contact Info:
Netzealous LLC - MentorHealth
Phone No: 1-800-385-1607
Fax: 302-288-6884
Email: support@mentorhealth.com
Website: http://www.mentorhealth.com/
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