Market changes create need for practice budgets.
The increasing prevalence of managed care, capitation, and physician practice acquisition is forcing physician practices to operate in a more businesslike way. As a first step toward more businesslike operations, practices of all sizes should prepare formal annual budgets to help predict and manage revenue and expenses.
Wild
J
J
Physician Services of America, Louisville, KY, USA.
Imbrogno
L
L
D002017:Budgets / Q000458:organization & administration*; D005376:Financial Management / Q000639:trends; D006123:Group Practice / Q000191:economics* / Q000458:organization & administration; D008722:Methods; D014481:United States