Financial Management of the Medical Practice, 2nd Edition
Kay B. Stanley, J. Max Reiboldt
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Written for physicians and office administrators, this work offers information professionals need to make informed decisions and set a practice on a sound fiscal foundation.
Step-by-step process for budgeting
Details for revenue maximization and expense management
Sample documents included
Recommended by the AMA, this invaluable tool provides exercises in medical practice financial planning, as well as a step-by-step process for budgeting. Learn to implement guidelines to control cash and establish internal controls covering collections and fraud prevention. In plain language, it simplifies financial analysis, outlines steps to assure revenue maximization and expense management, and discusses financial safeguards and other internal control issues.
This must have resource gives physicians and office administrators the information they need to make informed decisions and set their practice on a sound fiscal foundation. In an easy-to-understand format, the book:
Simplifies financial analysis
Outlines steps to assure revenue maximization and expense management
Discusses financial safeguards and other internal control issues
Includes chapters on budgeting, ratios and benchmarking
Provides financial report samples, charts, checklists and a glossary of financial terminology
Offers practical responses to the fiscal realities of health care market demands
Also included are chapters on budgeting, ratios, and benchmarking, as well as financial report samples, charts, checklists, and a glossary of financial terminology.
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