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Written by Reed Tinsley, CPA | May 9, 2007
I just returned from presenting my 2 day seminar for the Medical Group Management Asssociation (www.mgma.com) entitled "Evaluating the Financial Health of Your Practice." The next seminar date is June 23/24 in Austin, Texas. In case you might be interesting in coming to Austin, here is what is covered at the seminar:
- How to prepare and analyze practice management reports to manage your practice'
- How to prepare and analyze practice financial statements
- How to assess/analyze/reduce practice overhead
- How to prepare a cost accounting study and what to do with it
- How to prepare a meaningful "bottom up" practice budget
- Creative service lines and products to increase gross revenues
- Tips and strategies to successsfully negotiate with managed care plans
- Current physician compensation formulas
- How to solicit feedback from your employees to improve practice operations
- How to conduct your own practice financial assessment
- Review of practice internal controls that must be in every medical practice
- How to conduct a strategic planning retreat and why strategic planning is so important
