Professional Business Management, Inc.

05/28/2026

Should you lease or buy that new piece of equipment? There's no single right answer, but here's a useful rule of thumb: if you can easily afford to buy outright, do it. If buying would strain your finances but you have good credit, leasing may be the smarter move. And if the technology has been changing rapidly year over year, you probably want to lease. Leasing keeps cash flowing and lets you upgrade more easily, while buying builds equity and lowers your long-term cost. The key is to match the decision to your practice's specific situation — and to run the numbers with your accountant before signing anything.

Discover the essential guide for medical practices to navigate equipment acquisition decisions. Learn how to evaluate lifecycle readiness and make informed choices between buying, leasing, or renting medical devices to balance clinical needs, operational demands, and financial constraints.

05/26/2026

Your income statement (also called a profit & loss statement) is one of the most powerful tools you have for running a healthy practice — but only if you're actually using it. Savvy practice owners know to review their income statements monthly, not just once or twice a year. A monthly review helps you catch trends early, spot unusual expenses, and compare your numbers against prior periods before small problems become big ones. If you're not sure where to start, ask your accountant to walk you through the key line items — it's one of the best conversations you can have for your practice's financial health.

Don't know your EBITDA from your elbow? Then this primer on reading a financial statement is for you.

05/19/2026

Improving recurring revenue might look like developing a patient retention strategy to increase their lifetime value, focusing on collections, or adding new services.

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05/13/2026

Knowing upcoming revenue forecasts and setting financial goals are crucial to solidify sustainable growth to support expansion and new hires in your practice.

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05/12/2026

Physician and staff recruitment is getting harder — and holding onto good people requires more than just a competitive paycheck.

A recent MGMA conversation with a national physician recruitment expert highlighted a shift that's playing out across practices of all sizes: candidates today are evaluating culture, career growth, and how well a practice invests in its people — not just compensation. Practices that are winning the talent competition are extending orientation and training periods, creating clear career pathways, and building the kind of onboarding experience that makes new hires feel set up to succeed rather than thrown into the deep end.

The upside is real. Practices that invest in structured training and development don't just attract better candidates — they keep them longer, which reduces the constant cost and disruption of turnover. In a tight labor market, that's a meaningful competitive advantage.

Doug Lewis, Vice President of Talent Acquisition at Sentara Health and board member of the Association for Advancing Physician and Provider Recruitment (AAPPR), joins the MGMA Insights Podcast Network to talk about physician recruitment in 2026: Innovative strategies are needed to address shiftin...

05/12/2026

From messaging apps to ERP systems, give your teams access to the right resources to facilitate seamless communication between departments.

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05/08/2026

While data can be great at maximizing ROI and financial benchmarks in your practice, it doesn’t always take into consideration non-financial factors, such as overworked staff.

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05/07/2026

Your balance sheet is one of the most important financial documents in your practice — and one of the most overlooked.

While many physician owners focus primarily on their income statement to gauge how the practice is doing, key indicators of long-term financial health actually live on the balance sheet. It shows your cash on hand, what you're owed, what you owe, and your overall net worth as a business. It can also tell you whether you have enough working capital to cover short-term obligations — or whether debt is quietly becoming a problem.

Reviewing it regularly, not just at tax time, gives you a much clearer picture of where your practice actually stands. If the balance sheet feels unfamiliar, ask your accountant to walk you through the key numbers. The time investment is small, and the insight it provides is hard to get anywhere else.

A physician practice owner’s week is spent seeing and caring for patients and managing the day-to-day issues of the practice.

05/06/2026

When medical practice leaders were asked what their biggest patient access focus would be in 2026, online scheduling came in second — right behind no-shows — according to a recent MGMA poll.

And it's easy to see why: the same poll found that 71% of medical groups still have fewer than one in four patients using digital tools to book appointments. That's a significant gap, and practices are increasingly aware of it. Leaders who are tackling it are adding scheduling links to text messages, emails, and patient portal messages — and training front desk staff to actively point patients toward online booking for future visits.

If most of your appointments are still booked by phone, there's likely an opportunity here. Even modest improvements in digital scheduling can reduce staff workload, fill cancellations faster, and make your practice more accessible to new patients.

Discover the key patient access priorities for 2026, including strategies to tackle no-shows, enhance phone access, streamline online scheduling, and reduce wait times, ensuring optimized provider schedules and improved patient experience.

05/06/2026

Identify any red flags in the existing team, such as staff turnover, poor online reviews, and low productivity. These could have a significant impact on the value of a practice you're thinking of buying.

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