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What is a Chief Financial Officer (CFO)?

What is a Chief Financial Officer (CFO)?

by drcfo | Dec 30, 2019 | Employee Management, Financial Advice, Owner Personal Development, Practice Manager

The rigorous training to become a doctor is not easy and requires many hours in and out of the classroom. Depending on your specialty, there are more licenses and education required. Like a doctor, the steps to becoming a CFO include experience in and out of the...
How to Make Smarter Purchases for Your Practice.

How to Make Smarter Purchases for Your Practice.

by drcfo | Dec 11, 2019 | Financial Advice, Owner Personal Development

Have you ever walked around your house and wondered “Why did I buy this?” when you have only used the item once or maybe never? The same thing may happen with medical and dental equipment if you are not really evaluating the Return On Investment (ROI) and...
Reputation Protection: When You Throw a Doctor Under the Bus, You Throw the Profession Under the Bus

Reputation Protection: When You Throw a Doctor Under the Bus, You Throw the Profession Under the Bus

by drcfo | Nov 21, 2019 | Employee Management, Owner Personal Development, Practice Marketing

A doctor’s reputation will influence the individual success of the doctor, but also has an impact on the public’s view of the specific field of medicine or dentistry. Sometimes, patients will visit your office for a second opinion and it may seem all too...
How to Plan for Employee Salary and Raises

How to Plan for Employee Salary and Raises

by drcfo | Nov 7, 2019 | Employee Management, Owner Personal Development, Practice Manager

From our experience in medical consulting and dental consulting we know that employee salary, bonuses, and raises are a strategic way to motivate your best employees to stay and your poor performing employees to leave. If done smartly, your poor performing employees...
What Does Your CFO Expect Your Spouse or Long Term Partner to Know About Your Practice?

What Does Your CFO Expect Your Spouse or Long Term Partner to Know About Your Practice?

by drcfo | Oct 25, 2019 | Financial Advice

Our last blog article listed the six responsibilities of the practice owner’s spouse or trusted long term partner. Having the owner’s spouse physically present working in the office is a controversial subject. Many spouses feel they should be completely...
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Recent Posts

  • What Responsibilities Does the Doctor’s Spouse Have Towards the Practice?
  • How to Help Your Medical or Dental Practice Survive the COVID-19 Pandemic
  • The Importance of Synergy for Continual Improvement in Your Medical or Dental Practice so 1+1=5.
  • What Do Financial Statements Tell You About Your Medical or Dental Practice?
  • Why Is It Important to Understand Your Practice’s Financial Condition?

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