Variables affecting the financial viability of your practice.
Financial viability of physician practices depends upon multiple variables: capacity of the practice, the mix of managed care contracts, cost of care, make-up of patient population, patient visit rates, and utilization of alternate methods of patient interaction. This article presents an introduction to these ideas; the second in this series will expand on the groundwork with a case scenario for a typical family practice. The articles present basic financial information in a practical manner, utilizing a series of worksheets to determine how these various items affect the bottom line.
Binderman
J
J
jeb41@cornell.edu
D003710:Demography; D017598:Efficiency, Organizational; D005376:Financial Management / Q000379:methods*; D017048:Health Care Costs; D006301:Health Services Needs and Demand; D006801:Humans; D008329:Managed Care Programs; D009819:Office Visits / Q000706:statistics & numerical data; D017060:Patient Satisfaction; D010561:Personnel Staffing and Scheduling; D011216:Practice Management, Medical / Q000191:economics*; D012051:Reimbursement Mechanisms; D014481:United States