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Most physicians are not trained in financial management, but they can't ignore the subject if their own nd their families' well-being depends on the practice as a business. They must oversee that "business" knowledgeably enough to prevent trouble and wisely enough to make successful decisions.

This expanded report addresses those needs, recognizing the reader's financial demands within his/her clinical priorities.

It shows the doctor and manager how to recognize the warning signs and indicators of possible financial problems. Where, for instance, do you look if you see a sudden drop-off in accounts receivable? What reports should you have to alert you to such a possibility?

You'll examine the budgeting process and learn to plan activities and monitor how they're actually working out. That process may include factoring your own (physician) pay as an expense and using RVU-based entries so you can focus on what really matters on a business basis.

Financial oversight calls for staying informed weekly and monthly as well. We tell you what reports to insist upon at each interval and why, and how to maintain proper accounting controls.

Finally, you'll find a variety of ways to contain your costs. Benchmarks tell you how you fare versus comparable practices, but it's up to you to decide how to achieve or surpass them.

• Books

• Other Executive Leadership Products
• Other Physician Practice Products