November 9, 2026- In today’s market, physician practices are operating with less room for error. Payroll, supplies, technology and other operating costs continue to put pressure on margins, while reimbursement does not always increase at the same pace, said Jonathan Raj principal and managing director of Hollins & Hur, a financial firm providing accounting, tax and financial advisory services specifically tailored to physician-owned medical practices and other healthcare businesses.
“That makes working capital more important,” he said. “Even a financially healthy practice has to think carefully about whether cash should go toward equipment, additional staff, expansion or simply maintaining flexibility in the business.”
Based on its experience working with solo physicians, group practices and specialty clinics, the firm sees firsthand how difficult it can be for practice owners to understand where revenue is going, which providers or services are truly profitable, and how rising staffing and operating costs affect the bottom line.
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