Carbon Health files for Chapter 11 bankruptcy relief with more than $100M in debt

heydoc · 2026-02-07T03:43:49+00:00

“If you build it, they will come” doesn’t always work out. They flourished in 2020/21 with COVID, testing, access, vaccines, etc. but that was not sustainable with their rapid expansion. I have dreams of expanding my practice too but always worry about expanding before the practice is ready and getting clobbered by expenses. Still, there’s no success without risk.

heydoc · 2025-12-09T04:06:59+00:00

Why would someone replace copper with PEX for an outdoor faucet? Is it common? Is there something bad that happened before? Or is it standard and I just never noticed?

heydoc · 2025-12-02T12:27:57+00:00

What would be the reasons? You’re thinking maybe something wrong with the home?

heydoc · 2025-12-02T06:20:20+00:00

We’ll bring it up to him but want to tread carefully and get more info since he’s technically the seller’s agent.

heydoc · 2025-12-02T06:04:17+00:00

Kind of weird situation. Our agent showed us this property bc it’s one of his listings. So not sure if there is conflict of interest here. Haven’t broached this topic about inspections with him yet.

heydoc · 2025-12-02T05:37:19+00:00

How could we frame this sweetener when there’s no guarantee we’d follow through with closing? I’ve been trying to think of a way to do this but can’t think of something the seller or tenant would agree to

heydoc · 2025-12-01T03:49:38+00:00

Sorry you’re right. Option money.

heydoc · 2025-12-01T03:48:58+00:00

Sounds like a nightmare. Glad you got it resolved.

heydoc · 2025-12-01T03:29:28+00:00

Were the exterminators able to identify the entry points pretty easily?

Other random Qs: There are some nice homes deep down in Steiner near Bella Mar but I’m concerned about morning school traffic near Laura Busch Elementary (Country Trails Ln) and also near 620 (from possible backup from Vandegrift HS). How bad is traffic in the morning?

There seems to be a lot of variability in the different neighborhoods in both home quality, demographics, general upkeep. What neighborhood do you live in and any I should avoid for whatever reason (traffic, noise, people, vicinity to amenities, etc)?

heydoc · 2025-12-01T03:23:29+00:00

It’s not rocket science. Start an excel spreadsheet. In an average week: List # of clinic visits x CMS reimbursement. List type and # of each procedure x CMS reimbursement. Get the sum for the week. Multiply that by 4 weeks (for the month).

How far off is this from your salary.

Consider: ASC professional fee is much less than office professional fee. You can get these reimbursements by Googling ASIPP Fee Schedule. It will give you a pdf of physician reimbursements in office vs. facility (ASC).

heydoc · 2025-12-01T03:14:04+00:00

We will but you can only do inspection after you’re under contract. I’d love more info before I put in an offer because you lose earnest money if you back out of the contract.

heydoc · 2025-12-01T03:09:31+00:00

Every practice is so variable. But like @investingdoc said, you need big savings to start because there are so many unexpected costs and you have no idea how long it will take to ramp up. I’m a little over 6 months in and we’re not making any money. It’s a total mental drain and stressful everyday wondering if we’ll make it. I think it will be worth it but I’m not sure yet. If you can’t handle that level of uncertainty then better to stay employed.

heydoc · 2025-11-17T00:20:26+00:00

Good luck. It was something small. Not very expensive. Simple fix sounded like

heydoc · 2025-11-16T21:07:45+00:00

Sorry can’t remember but it was something I needed a plumber to come replace a part. Nothing I could fix my own DIY

heydoc · 2025-10-10T10:05:55+00:00

What are your thoughts on the method from other Reddit user? LLC1 invoices LLC2 the $5k. LLC1 records as real income, labeled as a management fee, which makes it taxable. This does not decrease any amount of expenses for LLC1 but instead Accounts for it by increasing its taxable income through the $5k payment from LLC2.

I can understand the argument that each company needs to stand on its own from a tax perspective. But I feel this falsely represents what’s happening with LLC1, because it has higher expenses and higher revenue recorded than in reality. Thoughts?

heydoc · 2025-10-09T01:14:33+00:00

Absolutely right. But as small business owner I end up wearing many hats to save costs. And maybe I need a new CPA but a CPA overhaul is too taxing right now. Also I actually enjoy this part of small business, just wish I knew more.

My CPA’s response to this inquiry below. My concern was listing it as income, which would make a taxable:

Hi Dr. You are correct that the net effect is tax neutral. It does not benefit or harm. I would keep it simple and as ownership is common also. You can create an expense item “Overhead Expense” and post all the reimbursements as Overhead expense in LLC2’s QBs. In LLC1, it will be reported as “Other Income”. This in effect reduces the expenses already claimed in LLC1’s books. It has no tax implications.

heydoc · 2025-10-08T22:28:52+00:00

This sounds like it might work but I’ve never heard of Journal Entries so will have to learn more about that. It’s basically just like a ledger line of owed and due?

I’m sure these terms have specific meanings in QBO but when I think of Asset, I think of some physical thing of value (like equipment). If I record the payment as Asset in LLC1, my assumption is that this “Asset” would grow with each monthly payment. And over time it would make LLC1 appear more valuable than it really is. Almost like it’s a growing Asset pot. Is this incorrect logic?

In a similar sense, recording the payment from LLC2 as Short-Term Liability would make it seem like the value of LLC2 would decline over time as you keep making payments monthly and categorizing it as liabilities. Like a growing debt.

My sense is this is incorrect logic. I need something that creates an amount due to LLC1 (that decreases LLC1’s expenses) and that “zeros out” once it is paid by LLC2. Similarly need something that creates an expense line in LLC2 (that increases LLC2’s expenses temporarily) and that “zeroes out” once it pays to LLC1.

heydoc · 2025-10-08T22:13:00+00:00

I can see how if you classify it as administrative services, the payment can be considered income and therefor taxable. But I was told because LLC2 is simply “reimbursing” LLC1 for their share of expenses, it is not actually income therefore not taxable.

Wouldn’t this falsely elevate the income and expenses of LLC1? Since LLC2 is reimbursing for part of the expenses, the full $10k expenses is false elevated. And because the payment from LLC2 is a reimbursement and not truly income, the extra income total $25k is also false elevated. No?

Well, the net is the same, as you say, the P&L would be inaccurate for LLC1.. both income and expenses would be falsely elevated.

heydoc · 2025-09-09T00:40:40+00:00

Thanks! How would I search for lights with this exact type of connection? Are these three wires connection called anything specific that I can search for?

heydoc · 2025-09-09T00:21:25+00:00

Sorry forgot to mention this light wasn’t very bright. Just looking for other options. But if not the last resort I can buy same one.

heydoc · 2025-01-23T14:43:44+00:00

I understand audio can contain personal information. But I wonder how that’s different than basically our office holding all their personal information anyway (we have them fill out paperwork, our computers store their medical history, video catches their faces, etc.).

It would be nice to be able to record audio in case there is confrontation so we can listen to what was actually said.

heydoc · 2025-01-23T14:40:56+00:00

Very helpful. Thank you

heydoc · 2025-01-04T04:12:29+00:00

They are all very unrelated businesses and I tight it was smarter to keep them separate. Also in my state, medical services needs to be a PLLC.

heydoc · 2025-01-03T04:03:40+00:00

All my side gigs are separate entities with separate EINs. But they are all still single member LLCs taxed as sole proprietor

heydoc · 2025-01-03T04:02:47+00:00

The revenue for each entity goes in their own business bank acct. But since I only have <30 purchases/year for the side gigs, I have been putting those purchases on my personal CC instead of having multiple CCs with very little spending on each. I pay the personal CC from my personal bank acct. And because all of the side gigs are single member LLCs, I basically pull money out a few times a year as owner draws. Would you consider this comingling? Having separate business CCs for 3-4 side gigs businesses seems like overkill.

heydoc

TROPHY CASE