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Are you booking many patient appointments, but it doesn’t translate to a higher net income? Are your staff always busy, but there are cash shortfalls between billing cycles? Your clinic may be operating at high volume without delivering meaningful financial return....

Accounting may seem unrelated to patient care. However, how hospitals or clinics manage their finances and maintain financial stability affects nearly every aspect of the healthcare experience. That’s why we have a specialized field called healthcare accounting: to...

A FreshBooks survey found that 8 out of 10 U.S. small business owners, including healthcare providers, feel stressed during tax season. About two-thirds rate their stress at 3 or higher out of 5. For medical and dental clinics already juggling patients, paperwork, and...

The American Hospital Association (AHA) reported that hospitals are facing “a perfect storm of financial pressures” in 2025, which means revenue leaks, especially ones that slip through the cracks in daily operations, are detrimental to financial health. It can’t just...

Did you know that in 2023, healthcare spending accounted for 17.6% of the U.S. economy, and it's projected to grow by over 5% annually, outpacing overall economic growth? For healthcare providers, this means increased pressure to grow, remain compliant, and meet...

Technology literacy is a must-have skill for accountants, according to 57% of surveyed firms by Sage (2019). While some swear by the old-school way of pen and paper, accounting technology can offer effective solutions for handling various functions, such as...

Effective time management is crucial for every department in an organization, but it is especially vital for accounting departments. With numerous deadlines, compliance requirements, and reporting tasks to handle, the ability to prioritize, plan, and optimize time is...

There are 33.3 million small businesses in the U.S., which make up 99.9% of all businesses in the United States, according to the U.S. Small Business Administration. Despite their position as the bedrock of the American economy, about 20% fail in the first year, and...

Did you know that in 2023, U.S. hospital spending surged by 10.4%, reaching $1.5 trillion, the fastest growth since 1990? This sharp increase highlights the growing financial pressures in healthcare and the need to understand financial statements to navigate these...