ITEMS IN FPM ON TOPIC:
Financial management, general
Argues that physicians profiled in cover story about charging patients for "free" services are inadvertently conducting experiments in the future of the health care system.
Do you know what it costs your practice to provide an adult physical, a well-child exam or an office procedure? A “unit cost analysis” will tell you that and more.
The author, a practice administrator, identifies reasons practices find it difficult to ask patients to pay at the time services are rendered and provides detailed instructions for improving collection rates.
By tracking your expenses and comparing them to benchmarks, you can create a practice budget that's useful and easy to maintain.
Points out that the Nicoletti and Borglum articles in this issue are connected in that they both come from practice consultants who have formed apparently similar views of what constitutes a good practice.
Learn how to plug the leaks that deplete your practice’s income.
Dropping certain health plan contracts can boost your bottom line and reduce hassles. The author’s spreadsheet will enable you to choose carefully.
Installing an EMR system in a practice not only includes the initial purchase price, but ongoing costs as well. The author identifies what the continuing costs of an EMR are and provides a tool practices can use to calculate their own costs.
Once you know how to read it, your balance sheet will tell you volumes about the financial health of your practice.
When this family practice learned how to delegate, make wise use of technology and trim its staff, it gained $200,000 per year.