ITEMS IN FPM ON TOPIC:
Financial management, general
Financial resources for residency programs are dwindling. In order to obtain sponsorship for their residency programs, program directors need a well documented and comprehensive financial model to show the benefits that residency training brings to diverse constituencies. In this article, the authors present the financial model they've developed.
The article details how one practice implemented the principle of "working smarter, not harder" to optimize quality, efficiency and revenue.
The authors point out potential weaknesses in accounting controls in physicians' offices, highlight the risk of embezzlement, and provide a checklist readers can use to evaluate their risk of financial fraud.
The author describes the business circumstances that led to both he and his partners getting no paycheck for two months, and he describes the lessons learned.
This article describes two financial tools ? gap and root cause analyses ? to help physicians better understand the financial performance of their practice.
The article features 12 "big ideas" in current practice management thinking, submitted by family physicians and selected by a panel of experts.