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According to the Small Business Administration, 90 percent of all U.S. small businesses are family owned. Of that, an estimated 14 percent or roughly 1.2 million businesses are husband and wife owned. With an average longevity of 24 years, these partnerships can survive and flourish. An entrepreneurial partnership is your work marriage. Whether married . . . → Read More: Husbands & Wives and Other Business Partners As your rehabilitation business grows it is critical that each facility be led by a clinician. You should expect a Clinical Director to take responsibility and accountability for not only the clinical aspects of the business but the operational and financial results of the clinic. In order to ensure that a Clinical Director is . . . → Read More: Clinical Leadership: Three Steps to Success I just came across a new survey by an independent firm to assess healthcare organizations’ (mostly hospitals) understanding and preparation for the development of Accountable Care Organizations (ACO.) The respondents were 200+ CEOs, COOs, CFO, CIO and other “C” types. Very, very smart people. Guess what? They don’t have it figured out either. . . . → Read More: ACOs: More Questions Than Answers If you are not managing your rehabilitation business to budget, you may be leaving money on the table. A budget planning process forces you to think through your whole business model. White it’s not written in stone, a budget acts as a benchmark for you to compare actual activity to projected activity. A monthly . . . → Read More: Don’t Leave Money on the Table |
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