Buckling down to business. Seven key indicator reports for medical practices.
Key indicator reports compare results and highlight variances. To manage a medical practice effectively, a manager needs to know the capacity and capability of each provider, weekly charges, payer mix, collections and collection rates, trended A/R value, monthly costs by provider and actual vs. budgeted net balance per provider. This article describes how to obtain these vital data.
Quintana
Olga
O
Department of Accounting, University of Miami, USA. oquintan@miami.edu
Ortiz
Cesar
C
D000067:Accounts Payable and Receivable; D002017:Budgets; D017598:Efficiency, Organizational; D005375:Financial Audit; D006123:Group Practice / Q000191:economics / Q000458:organization & administration*; D006801:Humans; D008330:Management Audit; D010350:Patient Credit and Collection; D011216:Practice Management, Medical / Q000191:economics / Q000458:organization & administration*; D014481:United States