Benchmarking Your Practice: Key Financial Ratios to Improve Profitability

Event Information
Product Format
Prerecorded Event
Presenter(s)
Length
60 minutes
Product Description

Learn Critical Skills in Analyzing & Benchmarking Practice Profit, Accounts Receivable Ratios & Cost Accounting.

Today’s physicians and office managers need a high level of business management skills particularly in the financial area. 

Join expert speaker Debra Phairas in this informative session to learn critical skills in analyzing the practice profit/loss statement, cost accounting and accounts receivable ratios. Know how to access specialty comparison norms for benchmarking in this 60-minute session.

Get insights on line item expense ratios, accounts receivable ratios (gross collection, adjusted collection, A/R turnover ratio and aging spread ratios) to hold managers and billers accountable for staffing ratios by payroll to revenue and FTE (full time equivalent) to provider ratios. 

Session Highlights:

  • Discussion on Accounts Receivable Management and Cash Flow
  • Significance of Profit/Loss Statements as Management Tools
  • Insights on benchmarking Overhead Categories by Medical Specialty
  • Review of Payroll to Collections and Full Time Equivalents Ratios for staffing levels
  • Review of essential ratios to calculate on Monthly Status Reports
  • Learn about Office Visits, Hospital and Procedures Productivity  to achieve desired Net Income
  • Review of Cost Accounting Techniques

Who should attend

Physicians, Practice Managers, Hospital Business Development Executives, Hospital Administrators

 

Order Below or Call 1-866-458-2965 Today

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You can also order through:
Phone

1-866-458-2965

Fax

1-919-287-2643

About Our Speaker

Debra Phairas

Debra Phairas, MBA, is President of Practice & Liability Consultants, LLC a nationally recognized firm specializing in practice management and malpractice prevention. Her background includes medical clinic administration and loss prevention management for NORCAL Mutual, a physician malpractice insurance carrier in Northern California. Her BS is from Michigan State University and her graduate work at Golden Gate University, San Francisco MBA Health Services Administration program. Her consulting experience...   More Info
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