decisionhealth Newsletters, Part B News - 2014 Issue 7 (July)
6 spending ‘black holes’ to seal at your practice when revenue drops
Subscribe or sign in to view the full article.
Article Overview
This article discusses practice management considerations for physician offices facing falling revenue. It focuses on common expense areas that may deserve closer review, the role of benchmarking and vendor assessment, and the kinds of operational and financial topics practices should examine to improve efficiency. The content is aimed at practice administrators, physicians, and healthcare business managers.
Why This Topic Matters
When revenue declines, practices often need to understand where money is being lost before making cuts. The article helps readers recognize broad categories of expense review and operational oversight that can affect financial stability.
Article Sections
-
Practice management
Introduces the financial pressure facing certain medical specialties and frames the discussion around common areas where practices may lose money.
-
Six expense areas to review
Outlines multiple operational and overhead categories that can affect practice finances, including staffing, space, internal controls, payer performance, supplies, and insurance costs.
-
Resources
Lists external organizations and reference materials mentioned for benchmarking and further information.
What You Will Learn
- How practice management articles frame revenue shortfalls and expense review
- Which broad categories of overhead and operations are commonly evaluated when costs rise
- What types of external benchmarks and industry resources practices may consult
- Why financial controls and vendor reviews are part of practice administration
Who Should Read This
- Physicians
- Practice administrators
- Healthcare business managers
- Medical office managers
- Revenue cycle and operations staff
Subscribe or sign in to view the full article.
Quick, Current, Complete - www.findacode.com