Professional Business Management, Inc.

Professional Business Management, Inc. Professional Business Management, Inc. is a full service consulting, tax, and accounting firm dedica

In a buy in arrangement for a medical or dental practice, the new doctor makes payments to the exiting doctor based on a...
06/16/2026

In a buy in arrangement for a medical or dental practice, the new doctor makes payments to the exiting doctor based on a predetermined schedule.

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One of the reasons that many exiting doctors like seller financing is because it can spread out the gain on sale and low...
06/12/2026

One of the reasons that many exiting doctors like seller financing is because it can spread out the gain on sale and lower their potential capital gains taxes.

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Doctors that are exiting the practice will have more tax implications, especially based on the sale method.Read more πŸ‘‰ h...
06/09/2026

Doctors that are exiting the practice will have more tax implications, especially based on the sale method.

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In this article, we’ll explore buy-in and buy-out arrangements, including reasons why you should consider offering equit...
06/05/2026

In this article, we’ll explore buy-in and buy-out arrangements, including reasons why you should consider offering equity to associate doctors, how to determine a fair price, common payment structures, and the legal and tax implications.

Read the full article: Buy-In vs. Buy-Out: Structuring Fair Deals with Associate Doctors
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Keeping patients engaged isn't just good medicine β€” it's good for your practice. Research shows that engaged patients ar...
06/04/2026

Keeping patients engaged isn't just good medicine β€” it's good for your practice. Research shows that engaged patients are more likely to follow their treatment plans, have the confidence to achieve their health goals, and experience better outcomes. Simple steps like communicating with patients before their appointments, using plain language instead of medical jargon, and making it easy for them to ask questions can go a long way. Practices that invest in the patient relationship tend to see stronger loyalty, fewer no-shows, and a better overall experience for everyone.

Strong patient engagement and clear patient-provider communication empower physician practices to improve health outcomes and reduce costly malpractice claims.

Once you have a baseline understanding of your revenue and financial goals in your practice, it’s time to identify key i...
06/03/2026

Once you have a baseline understanding of your revenue and financial goals in your practice, it’s time to identify key investment areas.

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Tax planning isn't something to think about only in April β€” it's a year-round strategy that can make a real difference f...
06/02/2026

Tax planning isn't something to think about only in April β€” it's a year-round strategy that can make a real difference for your bottom line. Running a medical practice comes with high fixed costs and tax complexities that require foresight. Health savings accounts, tax-advantaged retirement plans, and charitable giving strategies are all ways to reduce what you owe. With recent tax law changes creating new opportunities around equipment deductions and retirement contributions, now is a great time to review your strategy with an accountant who specializes in healthcare practices.

Discover essential tax planning tips for doctors to maximize savings, reduce liabilities and build wealth while complying with current regulations.

Keep in mind that straight forward, plain language is the best route in case presentation when explaining the treatment ...
06/02/2026

Keep in mind that straight forward, plain language is the best route in case presentation when explaining the treatment options to patients.

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In this article, we’ll explore the tax implications of hiring family members in your practice, including the specific IR...
06/02/2026

In this article, we’ll explore the tax implications of hiring family members in your practice, including the specific IRS guidelines that you need to follow to remain compliant.

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Should you lease or buy that new piece of equipment? There's no single right answer, but here's a useful rule of thumb: ...
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 β€” 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.

Address

1300 S. Grove Avenue , Suite 201
Barrington, IL
60010

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

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