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This book provides practical, straight forward information to improve the financial management of your practice. What's more, it's written in plain-English, not accounting jargon - so you'll be able to easily understand the concepts and apply them to your practice. You'll get strategies for:

• Using data: Learn what financial data you need and how to analyze it. Use that data to benchmark your practice's performance effectively and apply what you've learned to grow your business.
• Budgeting: Develop your practice's budget to include short and long term plans. Accurately project revenue and expenses. Determine whether you should consider physician pay a budgeted expense.
• Financial reporting: Identify the financial reporting you need to review weekly and monthly to manage your practice more effectively. Establish whether your reports should reflect cash or accrual-based accounting.
• Cost accounting: See why cost accounting has never been more important. Learn how to determine what each procedure costs you. Discover how switching from revenue to cost emphasis can identify areas that need improvement.
• Managed care performance: Use data to manage managed care. Begin tracking RVU production. Find out what that discount is really costing you. Organize this information to strengthen your position in Payer contract negotiations.
• Cost-containment strategies: Recognize the likely targets for overhead reduction. Learn which cost-cutting measures can lead to big savings, such as keeping your financial books on the web or increasing co-pay collections. Discover the keys to controlling employee-related costs.

Medical Office Financial Management will help you better understand and control the financial aspects of your practice. Plus it makes responding to financial questions and concerns easier than ever before - which adds to your bottom line.

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