explore the key steps every entrepreneur must take to launch and grow successfully. We will discuss choosing the right business structure, managing finances, and building a foundation that reduces risk. Readers gain practical guidance to move from concept to a thriving enterprise with confidence. We have a special focus on healthcare provider start-ups.
Understanding the difference between payer credentialing and payer contracting is essential for any new healthcare practice. This article explains why credentialing always applies to individual providers, how group and individual contracts work, and what to expect with commercial insurance networks. Learn the key steps, common misconceptions, and a practical checklist to prepare your practice for success.
The first step in starting a new business is deciding on the right legal structure, whether sole proprietorship, LLC, S-Corp, C-Corp, or partnership. Creating a separate entity provides liability protection and tax advantages, with S-Corps passing income through to owners and C-Corps taxed separately but able to retain earnings. Professionals such as physicians should especially consider forming an entity, and state websites provide filing instructions for those who want to handle the process themselves.
