Identifying Financial Risks Healthcare practices operate in environments that depend on trust, but that same trust can make them vulnerable to internal risk. Common threats include payroll manipulation, cash handling errors, inventory and supply theft, and improper…
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As the year comes to a close, many healthcare practices are evaluating whether their current business structure still supports their long-term financial goals. For some doctors, electing S-Corporation status may offer meaningful tax…
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Benchmarking Practice Overhead Every profitable healthcare practice maintains a close watch on overhead. Start by calculating your overall overhead ratio to understand how much of your revenue is consumed by operational costs. Separate fixed and variable costs to…
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Understanding Provider Productivity To build a financially healthy practice, it is essential to start with a clear view of provider performance. While many practices focus on gross production, a comprehensive…
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Healthcare organizations face rising costs, regulatory demands, and financial risks that can put pressure on operations. Conducting regular financial reviews is essential for protecting your bottom line and ensuring your…
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Keeping your practice financially strong is just as important as delivering quality care. Every year brings new regulatory changes, staffing challenges, and market shifts that can affect profitability. By reviewing…
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