By: Justin Irizarry We’ve all heard the advertisements touting no money down, no interest, and no payments for x days – but did you know that a healthcare franchise technically offers this type of payment option? As a result of billing practices, many urgent cares offer this type of “no-no-no” advantage to patients. These payment… Read More »
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Don’t Make These Medical Franchise Marketing Mistakes
Opening a new medical franchise is one of the most rewarding business ventures any entrepreneur can undertake. However, ensuring its success is at the mercy of a variety of factors: competition, maximizing billing and reimbursements, and, of course, marketing. Marketing your new business to get its name out into the community is a no-brainer, but… Read More »
8 Strategies to Maximize Reimbursement in Your Healthcare Franchise Practice
The key to success for any healthcare franchise is getting paid for the services you provide. Maximizing reimbursement for services rendered is crucial to the long-term success of your business. However, when it comes to the complicated world of medical billing, getting paid isn’t as easy as it sounds. Even if you’ve hired the best… Read More »
3 Medical Franchise Billing Mistakes You Don’t Want to Make
By: Justin Irizarry Running a medical franchise involves a lot of moving parts. From staffing your location with the most talented employees to ensuring patients are experiencing stellar healthcare and customer service, some housekeeping things like billing can get triaged to a secondary position. However, there are a few billing mistakes that you absolutely want… Read More »
Top 3 Financial Mistakes to Avoid When Opening a Medical Franchise
By: Justin Irizarry Opening a medical franchise can be a rewarding endeavor that benefits your community at large. As with any business, you’ll need capital to get your location up and running. This is where lots of entrepreneurs can get into trouble if they don’t have a financial plan and budget in place. Making sure… Read More »
The Rush for Medical Franchise Providers
The growth of the medical franchise is booming. Just from 2008 to 2013, the number of healthcare and medical franchises nearly surpassed a growth rate of 10 percent. The demand for franchises in the healthcare industry is only set to increase with the aging population and need for patient care. In addition, consumers are interested… Read More »
The Role of Relationships Between Franchisor and Franchisee in Medical Franchises
The relationship between a franchisor and franchisee is a unique one. Specifically, when it comes to the ever-increasing popularity of the medical franchise, ensuring a healthy relationship between parties is essential. Franchising offers the opportunity to increase the efficiency and organization of a structure in the healthcare field. What does the role of the relationship… Read More »
4 Ideas to Keep in Mind When Selecting a Location for Your Medical Franchise
4 Ideas to Keep in Mind When Selecting a Location for Your Medical Franchise The medical franchise industry is booming and it seems that there’s a new location that pops up every day. This makes selecting a location for your medical franchise crucial to its success. Beyond being in a convenient and popular spot, you… Read More »
How Franchising and Physician Services Can Mix Best
Medical Franchises: A Mix of Business & Physician Services Operating a medical franchise can be a lucrative and rewarding business venture. However, when it comes to owning a business that provides healthcare and healthcare providers there are a number of federal, state, and local laws that could prohibit various arrangements. Understanding how physicians can work… Read More »
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