NVCC Financial Management of a Medical Practice Discussions
Description
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Part 1
Read the following scenario
A group of no general surgeons have decided to form a group practice, George Mason Surgical Associates. They have left other practices to form this new group.
You have been hired as the practice administrator, and are attending the first organizational meeting with the ten doctors
The doctors have expressed frustration with financial reporting at their other practices, and want to you develop a monthly financial package and presentation
write and answer the following questions
- What five financial reports will you present to them on a monthly basis? Explain each one, and how each it is used to monitor the financial health of the organization.
Part 2
Please read and review the two articles on benchmarking… Getting a Clearer Picture …”Monitoring the Right Reports”
-In your opinion, explain the three top /most important ratios in running a medical practice and why you think they are important
Part 3
Read capko, chapter 6, “Avoiding and Surviving a Monev Crunch *
– List four main issues you feel Evergreen Medical Group is facing, and the solutions you have identified to address the issues.
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