Physician New Year Resolution #2

Monthly Management Meetings: Key to Financial Success

I RESOLVE to have a monthly management meeting   Even if you are a solo medical practice, this meeting is critical to maintaining and improving the financial performance of the office. At the meeting, review and discuss such things as practice finances, billing and collection performance and comparison to benchmarks, office operations, and human resource issues. These meetings keeps management informed and on the same page. How can an office be successful unless everyone is informed and pulling in the same direction? Remember, you can’t manage what you don’t measure.

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Reed Tinsley, CPA for Physicians