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MinnesotaCare Provider Tax is a tax on patient services in Minnesota. Revenue generated is used by the state of Minnesota to pay for the MinnesotaCare program, which provides state-subsidized health care coverage for low-income individuals. The tax is based on gross receipts, not profits and the rate is adjusted by...

Just as your patients come to you for an oral health evaluation where routine cleanings, patient education, and procedures follow a consistent process, analyzing your business results should also follow a set daily, monthly, quarterly and annual process. Key performance indicators (KPIs) are measurements that represent the most important factors...

When starting a business, many medical professionals hire 1) Medical staff and assistants to assist in providing the medical services and 2) a Practice Manager to handle the operations of running a clinic such as buying supplies, managing the schedule, and hiring staff.  To keep expenses low, many medical professionals...

Let’s face it.  The months of November and December go by pretty quick with the holidays, vacations, and the annual cadences and deadlines that come with closing out a calendar year.  Don’t forget about the following five items to ensure your employees are ready to take on 2023 with zeal:...

Year-end is fast approaching and now is the time to make sure your company is in compliance with all loan covenants. Covenants vary, but the following discusses common affirmative covenants and how to ensure compliance. Business owners/managers should review their loan documents before signing to make sure they understand covenants...