All health care organizations should anticipate fluctuating patient volumes, consumer preferences, competition, and a rapidly changing payer mix in a changing economic environment. Plan accordingly to stay current with all of these changes and keep yourself financially stable.
Forecasting helps determine how many patients the physician needs to see per month to break even and when he or she might have to draw from other financial resource pools.
Difficulty: Easy for someone with an accounting background; moderate for someone without
Outcome: Understanding of your financial situation and ability to make informed decisions
Time to Complete: One month
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Budget & Forecast for the Future