Financial Management of the Medical Practice, Third Edition
Financial Management of the Medical Practicehelps professionals succeed with the planning for, and financial management of, a medical practice. It details financial models, identifies current financial methods and examines successful business strategies to enable administrators to gain greater control of financial performance.
Financial Management of the Medical Practice enables management generalists and administrators to attain an understanding of the financial methods for medical practices so they may successfully function in this position, even in the midst of healthcare reform and the economic downturn.
This critical resource simplifies financial methods management and planning for medical practices using the latest financial models. It also helps decision makers develop and maintain sound financial methods for medical practices to make informed decisions.
Financial Management of the Medical Practice provides readers with a means to simplify the financial planning process and take a practical approach to medical practice budgets as well as medical practice mergers.
Financial Management of the Medical Practice is organized in two sections that:
- Provides practical and operational financial management guidelines including controlling expenses, establishing internal controls and safeguards, developing and maintaining medical practice budget, as well as step-by-step methods for medical practices to optimize revenue
- Focuses on strategic aspects of financial management, such as alignment strategies, medical practice mergers, capitalization, valuations, compensation and ancillary services