Physician finance

Medical practice financial management needs a monthly close

Fall is decision season in physician practices. A senior partner starts talking about retirement. The practice considers adding an associate. Someone raises a second location. The clinical side of these decisions gets careful attention. The financial side often runs on…

Fall is decision season in physician practices. A senior partner starts talking about retirement. The practice considers adding an associate. Someone raises a second location. The clinical side of these decisions gets careful attention. The financial side often runs on a feeling.

That feeling usually comes from the bank balance. The bank balance is not a financial picture. It is a snapshot of one account on one day, and it was …

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Medical practice financial management needs a monthly close