Written by Reed Tinsley |
November 16, 2011
It's actually pretty simple:
Monitor physician volume, work RVUs, collections, gross and net collection percentages, payor mix and benchmark these against your peers, both nationally and internally.
Then, evaluate provider efficiency - ensure they have the tools they need (often staff) to be as effective as possible; concentrate on highest and best use of resources.
About the Author
Reed Tinsley CPA
This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on
accounting & tax,
practice management, and
financial planning.
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