Financial Management, Vol 3: Medical Practice Management Body of Knowledge Review Series
by Webster, Lee Ann H.Format: Paperback
Pub. Date: 2007-01-01
Publisher(s): Mgma
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Summary
Learn the key financial management skills needed to lead a medical practice. After reading this book, you'll understand the concepts, tasks, and terminology to ensure success in medical group practice management. The text covers: Translating medical practice objectives into financial assumptions to aid planning, Compiling, interpreting, and communicating financial information to physicians/shareholders and staff for education and decision making, Developing requests for proposals (RFPs), analyzing and negotiating/renegotiating contract terms favorable to the practice, Calculating business ratios and benchmarks, Analyzing the relationship of fees to coding/diagnosis for appropriate reimbursement.
Table of Contents
| Series Overview | p. ix |
| Preface | p. xiii |
| Learning Objectives | p. 1 |
| Success Story: Oakdale Ear, Nose & Throat Clinic | p. 3 |
| Financial Management and the General Competencies | p. 11 |
| Financial Management Issues | p. 15 |
| Financial Management Knowledge Needs | p. 17 |
| Overview of Financial Management Tasks | p. 19 |
| Prepare and manage budgets to achieve organizational objectives | p. 25 |
| Develop accounting and financial controls | p. 53 |
| Prepare financial statements and conduct financial analysis | p. 83 |
| Develop and manage material procurement and payment systems | p. 119 |
| Develop coding and reimbursement policies and procedures | p. 137 |
| Facilitate investment planning, management, and compliance | p. 163 |
| Establish business relationships with financial advisors | p. 191 |
| Establish fee schedules for physician services | p. 209 |
| Negotiate third-party contracts | p. 217 |
| Develop reconciliation systems for third-party payments | p. 231 |
| Facilitate retirement planning, management, and compliance | p. 239 |
| Maintain compliance with tax laws and filing procedures | p. 259 |
| Exercises | p. 287 |
| Glossary | p. 291 |
| Notes | p. 311 |
| Appendices | p. 317 |
| About the Author | p. 325 |
| Index | p. 327 |
| Table of Contents provided by Ingram. All Rights Reserved. |
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