Financial Management and Analysis
Financial Management and Analysis includes Identifying and Prioritizing Revenue Growth Opportunities; i.e., through greater operational efficiencies, growth through provider recruitment, increasing in-clinic services and/or acquiring new physician practices within target regions.
These are only highlights of a service which can be more comprehensive depending upon client preference and need, and which will have a profound positive impact on profitability, growth and outlook for the medical practice.
- Revenue Analysis: Breakdown of income by provider, procedure, insurer with month to month and year to year comparisons and analysis.
- Expense Analysis: Breakdown of expenses by category-from month to month, year to year. Expense vs Revenue generated. Vendor price comparisons. New Vendor Sourcing.
- Cash Flow Forecasting: Monthly, 6 month and 1 year based on historical revenue, current billing, current receivables and monthly expenses.