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PubMedDate not supplied

Specialized ratio analysis.

Many common management techniques have little use in managing a medical group practice. Ratio analysis, however, can easily be adapted to the group practice setting. Acting as broad-gauge indicators, financial ratios provide an early warning of potential problems and can be very useful in planning for future operations. The author has gathered a collection of financial ratios which were developed by participants at an education seminar presented for the Virginia Medical Group Management Association. Classified according to the human element, system component, and financial factor, the ratios provide a good sampling of measurements relevant to medical group practices and can serve as an example for custom-tailoring a ratio analysis system for your medical group.

Accounting↗
PubMedDate not supplied

Financial reporting.

"How are we doing?" Financial reports must provide the answer to this all-important question for every medical group. Although there are some key differences between academic practices and private group practices, good financial reports and statements of activity are essential in all situations. Examples are provided here of how financial information can be communicated to the several organizational levels that need the information, as well as how financial planning, measurement, and control are part of this communication process. Sample formats outline the important ingredients for making your group's reports more useful.

Academic Medical Centers↗
PubMedDate not supplied

What can RSS point out in accounts receivable?

Either periodic appraisal or an unusual event may cause a medical group manager to analyze the group's accounts receivable system. Retrospective selective sampling (RSS) is an analysis method which tracks previously posted charges through the accounts receivable system step by step. The authors examine how the manager can make a selective sampling of charges, track those charges through the system, and interpret the RSS analysis.

Accounting↗