In this presentation, Jackie will discuss the components necessary to analyze the patient financial and accounting health of your practice. With your practice management software, your CPA, and some third-party statistical services, it’s easy to assume your accounting procedures are accurate and your financial figures are relevant. However, there are nuances within your practice management software that must be analyzed from an accounting perspective so you can ensure accuracy in figures and practice patient accounting procedures, which will lead to more accurate management decisions for your practice. Additionally, we’ll review typical cash flow maximization strategies for a practice and how those need to be altered during this transitional time in our economy.
Define components of the financial fitness that should be monitored on a monthly or quarterly basis.
Calculate ratios used to measure your practice’s financial success.
Review revised strategies to maximize your cash flow.