the abcs of building a financially healthy medical practice

checklist: 24 practice statistics you should benchmark for medical-office clients.
by reed tinsley
reed tinsley, cpa is a houston-based cpa, certified valuation analyst and health care consultant at rtacpa.com. he works closely with physicians, medical groups and other health care entities with managed care contracting issues, operational and financial management, strategic planning, and growth strategies. his entire practice is concentrated in the health care industry.
as changes continue to occur in the health care industry, physicians are taking a hard look at the numbers of a medical practice and gauging whether the year at hand will be economically successful.
to analyze the productivity of the practice, physicians depend on accurate and timely information. however, with the focus of every practice on delivering quality health care, the financial side often becomes neglected or ignored. this is where you, as their cpa, come in. read more →