PD400 class 1, 2, 3, 4 Flashcards
palliative care
Palliative care is an interdisciplinary medical caregiving approach aimed at optimizing quality of life and mitigating suffering among people with serious, complex, and often terminal illnesses.
thanatology
Thanatology is the scientific study of death and the losses brought about as a result. It investigates the mechanisms and forensic aspects of death, such as bodily changes that accompany death and the postmortem period, as well as wider psychological and social aspects related to death.
permits for setting up business
putting up walls for building permit
permit for setting up plumbing/sink
permit for setting up electricity
Before going for permits, you have set up municipal building plan
booking/schedule software?
..
janitor, receptionist, IT, other therapists, lawyer, banker/financial advisor, accountant, laundry/cleaner, realtor,
what about –> MPT, PT, nutritionist, etc.
(These should be included in “range of community resources for referral … for ongoing patient support”)
professional support team
external expertise to employ
pcpi
Practice Competencies and Performance Indicators
vision/mission statement
..
business model
..
technicians and entrepreneurs have different skill sets
..
vision statement
future focus
what you want to become
embrace envisoned “
–> meant to inspire
first step developing realistic vision
pen picture of business
could be 3-5 year
5-10 years
10-20 years (huge business)
vision statemnt of the CMTBC
innovative regulation that shapes the future of exemplary health care
mission statement
enduring statement of purpose that dinstinguishes one organization from other siimlar organizations
what is our business?
describes organization’s purpose, clientele, services, markets, philosophy, and basic technology
allows client to distinguish one business from another and decide which is more suitable for them?
Mission Statement CMTBC
Ensuring the public’s right to safe, ethical and competent massage therapy through excellence in regulation.
three basic legal structures
sole proprietorships
partnerships
corporations
sole proprietorship
You alone own it and are 100% responsible for its debts and liabilities. All earnings are taxed as your personal income. This is the most popular small business structure because it’s simple and straightforward.
partnerships
Two or more owners agree to share profits and losses according to their share in the firm. In a general partnership, all partners are liable for debts; in a limited partnership, one or more partners limit their liability by not actively managing the business.
corporations
The company earns revenue, incurs losses and pays taxes separately from its owners. Companies often pay tax at a lower rate than individuals. Owners’ liability is limited to what they invest in the company, and they have options as to when and how they take money out of the company.
sole proprietorship or partnership – are good for…
You will be the sole owner or own the business with just a few partners
You plan to start the business using only personal savings or investments from friends and family
You expect business revenues to support only you and your partners or family members
You plan to do most of the work yourself
You will borrow personally on behalf of the business
You are in a low personal income bracket
Your business is highly unlikely to face a lawsuit or get into debt
You have limited net worth (personal assets)
If you answered yes to most of these questions, you should operate your business as a sole proprietorship or partnership
corporation — good for…
Ownership will be divided among several shareholders
You expect significant start-up costs
You will be hiring employees and paying out wages and salaries
You will require additional financing beyond savings and investments from family and friends
You expect increasing revenues and a rising asset base
You will probably need to raise equity or issue debt, either now or later
You will put a full management and organizational structure in place
You expect to look into income-splitting and tax-deferral options
You want to protect your existing substantial net worth
If you answered yes to most of these questions, you should operate your business as a corporation
accountant
find a good accountant
the accountant that was responsible for Laurie’s debt to CRA was negligent, so find someone who is talented and who has experience with accounting for healthcare professionals
disability insurance
one case of someone who didn’t get disability insurance,
and they broke their scaphoid rock climbing
and afterwards they tried to get disability insurance
and they were refused disability insurance
but if they had gotten it previously it would have been fine (?)
note clause in insurance
have you had a claim in the last ___ months/years
—> premiums could go up
—> could get refused (?)
other expenses/insurance
professional liability insurance
general liability private
CMTBC dues (?)
continuing education (500/yr ?)
—> optional, but recommended
—> Tax write-off?
other sole proprietorship expenses
GST
taxes
rent (for studio space)
business license
CPR recertification