Financial Management

Overview

Learn the key financial management skills needed to lead a medical practice. After reading this book, you'll understand the concepts, tasks, and terminology to ensure success in medical group practice management. The text covers: Translating medical practice objectives into financial assumptions to aid planning, Compiling, interpreting, and communicating financial information to physicians/shareholders and staff for education and decision making, Developing requests for proposals (RFPs), analyzing and ...
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Overview

Learn the key financial management skills needed to lead a medical practice. After reading this book, you'll understand the concepts, tasks, and terminology to ensure success in medical group practice management. The text covers: Translating medical practice objectives into financial assumptions to aid planning, Compiling, interpreting, and communicating financial information to physicians/shareholders and staff for education and decision making, Developing requests for proposals (RFPs), analyzing and negotiating/renegotiating contract terms favorable to the practice, Calculating business ratios and benchmarks, Analyzing the relationship of fees to coding/diagnosis for appropriate reimbursement.
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Product Details

Table of Contents


Series Overview     ix
Preface     xiii
Learning Objectives     1
Success Story: Oakdale Ear, Nose & Throat Clinic     3
Financial Management and the General Competencies     11
Financial Management Issues     15
Financial Management Knowledge Needs     17
Overview of Financial Management Tasks     19
Prepare and manage budgets to achieve organizational objectives     25
Develop accounting and financial controls     53
Prepare financial statements and conduct financial analysis     83
Develop and manage material procurement and payment systems     119
Develop coding and reimbursement policies and procedures     137
Facilitate investment planning, management, and compliance     163
Establish business relationships with financial advisors     191
Establish fee schedules for physician services     209
Negotiate third-party contracts     217
Develop reconciliation systems for third-party payments     231
Facilitate retirement planning, management, and compliance     239
Maintain compliance with tax laws and filing procedures     259
Exercises     287
Glossary     291
Notes     311
Appendices     317
About the Author     325
Index     327
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