Benchmarking Your Practice - Key Financial Ratios to Improve Profitability

JOIN US AND LEARN WHILE YOU LUNCH!

July 16th, 2019

12:00PM - 1:00PM

Presented By:

Debra Phairas, MBA 
President – Practice & Liability Consultants, LLC

Today’s physicians and office managers need a high level of business management skills particularly in the financial area. This workshop will teach critical skills in analyzing the practice profit/loss statement, accounts receivable ratios and cost accounting and how to access specialty comparison norms for benchmarking. At least one source of comparison benchmarking will be given to each participant. This workshop is presented by an experienced consultant and former practice administrator, Debra Phairas, MBA, President of Practice & Liability Consultants. For more information on firm credentials access: www.practiceconsultants.net

This presentation will cover:

• Accounts Receivable Management and Cash Flow
• Importance of Profit/Loss Statements as Management Tools
• Benchmarking Overhead Categories by Medical Specialty
• Payroll to Collections and Full Time Equivalents Ratios for cost effective staffing levels
• Essential Ratios to Calculate on Monthly Status Reports
• Office Visits, Hospital and Surgery/Procedures Productivity to achieve desired Net Income

Members attend FREE! Non-Members $35

Continuing Education Enits, CEU's:

Earn up to 1.0 continuing education unit hours for each hour of education from the ACMPE, American College of Medical Practice Executives. Our events are eligible for continuing education units as awarded by other professional associations. We recommend that you contact your professional association for their approval process.