MDNews - Minnesota

April 2016

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Monthly financial dashboards: A practice's financial statements are the starting point for any financial KPI. Revenue, operating expenses and profit or loss should be compared to prior periods and your budget to help judge the viability of the organization. Additionally, accounts receivable is an important metric. Take special consideration of the percentage of accounts receivable that is over 90 days. Knowing your payer mix and identifying any shifts are also keys to anticipating future cash flow. Comparing charges, receipts and contractual adjustments to previous months and years helps identify any seasonality that may occur in the practice. is for Concierge. Online Check- In. Valet Parking. Total accounts receivable and accounts receivable over 90 days, as well as the percent of accounts receivable over 90 days Profit and loss snapshot table comparing year over year, as well as per physician, compared to the national benchmark (MGMA median) 0 6 0 6❱❱❱❱❱ A C C O U N T I N G

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