Description

While your daily focus may be on production, any successful business must also keep a good pulse on the actual revenues that come in. The best way to predict the short-term and long-term health of your practice is to know where your cash flow stands in relation to what your practice produces. And knowing is only half the battle – if you find you need to increase your revenues, policies and procedures can be put in place to do that in effective ways without a negative effect on production. There are several team members that can have a major impact on the cash flow of the practice, and focusing on the performance of your practice can build a more stable, robust, sustainable business.

Learning Objectives:

• Identify the sources of cash flow in the practice including patient delinquency, insurance delinquency, insurance filing strategies, and financial arranging.
• Measure their cash flow compared to production on the on your practice management system. 
• Improve the cash flow in the practice by making small shifts in policies that still  support success in case acceptance.

Speaker(s):

• Ms. Jackie Shoemaker, JM Shoemaker Consulting, Inc.