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How to Get More Money, Faster, Into Your Medical Practice

Posted 03:49 PM February 16, 2009

http://img.gotomeeting.com/g2mimages/1x1.gif

How to Get More Money, Faster, Into Your Medical Practice

Join us for a FREE, Live Webinar on March 6

Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/255352187

This one hour presentation could be the best one hour you will spend in order to get the cash flow in your practice where it needs to be.

Patrick Phillips, author of the new book, "Cash Crunch to Cash Flow", will show you why you are pocketing much less than you could be, even with your current patient base.

He will discuss how to plug the hidden leaks that are draining profits from your practice.

And, if you are an office manager or in charge of the receivables, you will have your eyes opened.  Spend LESS time on the cash flow and yet see it increase two to three times what it is right now for the practice.

Seats are limited, so reserve one now.  You will be able to listen on your computer, or over the phone, and will see the presentation live on your computer screen.

Note: this is at 11:00 AM PACIFIC time, so adjust for your time zone:

11:00 am Pacific
12:00 noon Mountain
1:00 pm Central
2:00 pm Eastern

Title:

 

How to Get More Money, Faster, Into Your Medical Practice

Date:

Friday, March 6, 2009

Time:

11:00 AM -1 2:00 PM PST

After registering you will receive a confirmation email containing information about joining the Webinar.

 

System Requirements
PC-based attendees
Required: Windows? 2000, XP Home, XP Pro, 2003 Server, Vista

Macintosh?-based attendees
Required: Mac OS? X 10.4 (Tiger?) or newer

http://img.gotomeeting.com/g2mimages/1x1.gif

 

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Are You Looking For an Easy Way To...

Posted 03:45 PM February 16, 2009

...build customer loyalty?
...attract new and repeat clients?
...stay ahead of your competition?
...thank others for gifts&good deeds?

...motivate and encourage employees?

...remember birthdays & anniversaries of those you care about?

...share appreciation with volunteers, colleagues, family, friends?

Ask me how or check out the video online at http://tinyurl.com/9ff4o5

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BNI Rockstars generated over 1 Million Dollars referral income 2008

Posted 03:37 PM February 16, 2009

BNI Rockstars in Elk Grove, CA generated over 1 Million Dollars in referral income. Find out more: http://www.bnicentralvalley.com/rockstars.shtml

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New Book - "Cash Crunch to Cash Flow"

Posted 03:34 PM February 16, 2009

"Cash Crunch to Cash Flow", is a new book designed to help medical providers and general business owners "Get more money faster, and plug the leaks that are draining profits".

For more information, click here: http://www.cashcrunchtocashflow.com/

To order, click here: http://www.amazon.com/Cash-Crunch-Flow-Patrick-Phillips/dp/0974269980/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1231787326&sr=8-1

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Wouldn't it be great to be recession proof?

Posted 03:32 PM February 16, 2009

With todays economical crunch, we need more income opportunities without alot of investment of our already scrimpy finances. I got an email recently that shared with me this information:

Record Unemployment over 1 million layoffs in 2008
750,000 Jobs lost in last 90 days
There's 2 unemployed person for every job opening
$3 trillion lost in Stockmarket
$2 trillion lost in Pension Funds
43% of households spend more than they make
Average consumer has 13 owing balances
Households need $480. more each month to heat their home
How many of us are among this group?

Wouldn't it be great to be recession proof?


You can make a change in your life today and better yet change the life of someone else, simply sending out thoughtful greeting cards. Send them a free card on me and start Changing lives one card at a time!

Sending out to give, will allow you to attract the right people into your business AND achieve your financial goals. Join the SOC movement!

Simply check at the video at http://tinyurl.com/9ff4o5 or go to www.sendoutcards.com/dfranklin

If you have any questions or would like more information please contact me.

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Outsourcing = more control, less work for doctors

Posted 03:30 PM February 16, 2009

Outsourcing = more control, less work for doctors
http://www.prweb.com/releases/2009/01/prweb1898644.htm

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Using our Patient Payment Plan would save docs big bucks...

Posted 03:28 PM February 16, 2009

Using our Patient Payment Plan would save docs big bucks...
http://freakonomics.blogs.nytimes.com/2009/01/28/the-true-cost-of-credit/

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Increase revenues encourage clients to come back over and over

Posted 03:24 PM February 16, 2009

Anyone in the world of business would agree that the best kind of customer is a repeat customer, someone that comes back to buy goods and services time and time again. What many do not know is that repeat customers cost less for a business to maintain than aquiring new customers, and are therefore more profitable. Recent studies indicate that as much as 80% of a business' profits come from repeat customers.

Just like any other business a doctor can increase their revenues by encouraging patients to come back over and over again for needed services. Common services for repeat customers might include checkups, immunizations, and the like that your patients need to remain healthy and vital. What doctors need is a systematized way to follow-up with their patients to remind them when it is time for scheduled appointments, or alert them to services they may not know they need.

Unfortunately, most doctors are far too busy with the business of seeing patients and handling payment problems that they do not have the time to attend to critical, practice-building activities. They are simply too swamped to put together a systematized follow-up program.

The Outsourcing Solution

Outsourcing your follow-up process is often the best solution. RX Business Solutions can help doctors implement a systematized program for following up with their patients. We can send patients letters, cards, and postcards to remind them of appointments and to offer additional services they may not know about. There are many different packages of cards and letters to choose from; each program can be customized to the needs of individual doctors. View some samples of our cards and letters.

The net result of this kind of systemized follow-up program is an inevitable increase in patient appointments and billings. Doctors will only be charged a small service fee for sending out the cards and letters and will quickly find that any money is recaptured at a profit when their practice is built to new levels of revenue through this program.


See Samples at www.rxbizsolutions.com/ser_pwcpSamples.php

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6 Important Steps To Improve Your Business Cash Flow

Posted 12:38 PM August 05, 2008

1. Wherever possible, ask for a retainer or a down-payment before starting work. You can even have a third party hold the funds in escrow, if that’s what makes the client happy. Doing work on spec is one of the chief causes of income drain to small start-up companies.

2. Set your billing sooner rather than later. So many companies give leniency of 60 or even 90 days to pay the tab - what for? The philosophy is that allowing such generous payment terms gives the client more time to get the money together, but it also gives them an excuse to quietly disappear or come up with an excuse to get an extension. 30 days is the longest an invoice needs to be outstanding.  In fact, require them to be set up on an automatic payment system like Pre-Authorized Checking™ to ensure payment is received and on time so you are not wondering if and when they are going to make their payments.

3. Try to finance the flow of cash so that you are paying your vendors for next month’s supplies out of the income from this month. Never be in a position where you have to accept a contract, then borrow money for resources so you can complete the project.

4. Establish a solid collection process, with an efficient, automated system. You want invoices to be printed and sent automatically, and notifications of billing status placed before your eyes every day. You may think that as a small business owner, you couldn’t possibly forget about a delinquent credit, but it does happen! Besides, you want a paper trail in case you do have to take it to a third party for collection.

5. Keep an emergency fund in savings. Use this to sustain your business during the time that you are waiting to be compensated by the customer, should they be delinquent. Remember, you’re not a big fish like a multinational corporation; one small wave can sink your little boat.

6. Finally, you could always consider handing your invoices over to a third-party for collection to begin with. It’s easy; just sell your invoices to a billing company, which pays you in full up front with a small commission taken out. Then collecting from the client is their problem, not yours. This may seem like an extreme case, but given the choice between receiving 95% of a payment today or waiting to stew six months to see if you get 100% of it or nothing at all, which would you choose?

Contact: Don Franklin

1. Wherever possible, ask for a retainer or a down-payment before starting work. You can even have a third party hold the funds in escrow, if that’s what makes the client happy. Doing work on spec is one of the chief causes of income drain to small start-up companies.

2. Set your billing sooner rather than later. So many companies give leniency of 60 or even 90 days to pay the tab - what for? The philosophy is that allowing such generous payment terms gives the client more time to get the money together, but it also gives them an excuse to quietly disappear or come up with an excuse to get an extension. 30 days is the longest an invoice needs to be outstanding.  In fact, require them to be set up on an automatic payment system like Pre-Authorized Checking™ to ensure payment is received and on time so you are not wondering if and when they are going to make their payments.

3. Try to finance the flow of cash so that you are paying your vendors for next month’s supplies out of the income from this month. Never be in a position where you have to accept a contract, then borrow money for resources so you can complete the project.

4. Establish a solid collection process, with an efficient, automated system. You want invoices to be printed and sent automatically, and notifications of billing status placed before your eyes every day. You may think that as a small business owner, you couldn’t possibly forget about a delinquent credit, but it does happen! Besides, you want a paper trail in case you do have to take it to a third party for collection.

5. Keep an emergency fund in savings. Use this to sustain your business during the time that you are waiting to be compensated by the customer, should they be delinquent. Remember, you’re not a big fish like a multinational corporation; one small wave can sink your little boat.

6. Finally, you could always consider handing your invoices over to a third-party for collection to begin with. It’s easy; just sell your invoices to a billing company, which pays you in full up front with a small commission taken out. Then collecting from the client is their problem, not yours. This may seem like an extreme case, but given the choice between receiving 95% of a payment today or waiting to stew six months to see if you get 100% of it or nothing at all, which would you choose?

Contact: Don Franklin

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Elk Grove Eats!! You have to check this out!

Posted 09:53 AM July 23, 2008

Elk Grove Eats!! You have to check this out!

Elk Grove Eats - www.ElkGroveEats.com

Greater Elk Grove Area Dining Guide & Discount Diners Club

Diners club membership is FREE*!  As a member of the Club, you’ll receive member only discounts at Elk Grove’s most popular restaurants.  We’ll announce the participating restaurants on October 1, 2008 and will continue to add new restaurants on a monthly basis. 

On-Line Registration Form:

http://www.elkgroveeats.com/form-discount-card.htm

*Note, we are currently offering FREE diners club membership and if you sign up now your membership is FREE for life.  At some point in the future, we plan to charge a one-time registration fee for only NEW diners club members.

So, you should take advantage of our offer for FREE diners club membership today!  Once you’re a member, you are a member for life.  Sign up today for your FREE diners club membership and personalized member card.

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