This resource provides exercises in medical practice financial planning, as well as a step-by-step process for budgeting. Learn to implement guidelines to control cash and establish internal controls covering collections and fraud prevention.
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Most Helpful Customer Reviews
6 of 6 people found the following review helpful:
5.0 out of 5 stars
road map for sound operational processes and fiscal stability,
By Dr. Yuval Lirov "Medical Billing Networks and... (New Jersey, USA) - See all my reviews (VINE VOICE) (REAL NAME)
This review is from: Financial Management of the Medical Practice (Paperback)
The best part of Reiboldt's book, for me, was understanding the financial reporting standards for the medical practice. Reiboldt's book spells out the theories, the purpose, and the effects of disciplined financial reporting. The book provides detailed steps for revenue optimization, expense management, and internal controls, such as rigorous budgeting process and benchmarking.
This is not a theoretical work trying to lay out basic principles of accounting. This is a road map for any medical practice to achieve sound operational processes and fiscal stability. Yuval Lirov, Medical Billing Networks and Processes - Profitable and Compliant Revenue Cycle Management in the Internet Age
5 of 5 people found the following review helpful:
4.0 out of 5 stars
A concise, pragmatic tool,
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This review is from: Financial Management of the Medical Practice (Paperback)
I've read several books on medical practice management, and this one is by far the most practical tool. The author gives excellent templates and clear, concise explanations. The reader is not overwhelmed by deep financial explanations. I recommend it especially for small, independant practices.
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Inside This Book
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First Sentence:
The practice of reporting financial information as a function in today's operation of a medical practice is particularly important due to intense demands for fiscal acuity. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
budget planning worksheet, revenue cycle, dashboard reports, credit indicators, net collections, gross charges, total net charges, collection ratio, payer mix, provider compensation, contractual adjustments, physician compensation, practice overhead, adjusted revenue, practice administrator, patient volume, health care entity, relative value units, health care entities, physician salaries, patient encounters, benchmarking comparisons, variable expenses Key Phrases - Capitalized Phrases (CAPs): (learn more)
The Coker Group, Interest Expense, Other Income, Line Number, Bank Charges, Amort Exp, Asset Depreciation, Computer Depreciation, Group Dental, Group Disability, Group Life, Insurances Group Health, Leased Equipment, Office Maintenance, Patient Education Materials, Pension Administration, Pension Plan, Physician Draw, Private Pay, Revenue Net Collections, United Healthcare, Year One Month, Deprec Exp, Laboratory Fees, One Health Plan New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The practice of reporting financial information as a function in today's operation of a medical practice is particularly important due to intense demands for fiscal acuity. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
budget planning worksheet, revenue cycle, dashboard reports, credit indicators, net collections, gross charges, total net charges, collection ratio, payer mix, provider compensation, contractual adjustments, physician compensation, practice overhead, adjusted revenue, practice administrator, patient volume, health care entity, relative value units, health care entities, physician salaries, patient encounters, benchmarking comparisons, variable expenses Key Phrases - Capitalized Phrases (CAPs): (learn more)
The Coker Group, Interest Expense, Other Income, Line Number, Bank Charges, Amort Exp, Asset Depreciation, Computer Depreciation, Group Dental, Group Disability, Group Life, Insurances Group Health, Leased Equipment, Office Maintenance, Patient Education Materials, Pension Administration, Pension Plan, Physician Draw, Private Pay, Revenue Net Collections, United Healthcare, Year One Month, Deprec Exp, Laboratory Fees, One Health Plan New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 4
books:
1
book
cites this book:
- Financial Management (The Ipa Management Series) by Coker Group in Front Matter (1), Front Matter (2), and Front Matter (3)
- Assessing the Value of the Medical Practice (Practice Success Series) by John P. Reiboldt in Front Matter
- Beyond Disengagement: Recreating the Physician Practice (Practice Success! Series) by Craig W. Hunter in Front Matter
- Buying, Selling, and Owning the Medical Practice (Practice Success Series) by J. Max Reiboldt in Front Matter
- Physician Recruitment, Retention, and Separation (Book ) [With CDROM] by C. Kay Freeman in Back Matter
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