Optimizing Practice Profitability: How to Manage Key Financial Indicators and Maximize Performance

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Description

Take control of your practice’s financial health and profitability by registering to attend CAP’s free webinar, Optimizing Practice Profitability: How to Manage Key Financial Indicators and Maximize Performance. Presented by renowned practice management expert, Debra Phairas, this one-hour program will help you and your staff learn how to effectively analyze and manage key financial performance indicators and benchmarks, which is critical for achieving your desired revenue.

This webinar will cover:

Key medical office financial ratios to maintain profitability
Accounts receivable management and cash flow
Importance of profit/loss statements as management tools
Benchmarking overhead categories by medical specialty
Payroll to collections and full-time equivalents ratios for cost effective staffing levels
Ratios to calculate monthly status reports
Office visits, hospital and surgery/procedures productivity

Contributors

Debra Phairas

Debra Phairas is President of Practice & Liability Consultants, LLC – a nationally recognized firm specializing in practice management and malpractice prevention. Her background includes medical clinic administration and loss prevention management for NORCAL MUTUAL, a physician malpractice insurance carrier in Northern California. Her BS is from Michigan State University and her graduate work at Golden Gate University San Francisco MBA Health Services Administration program.

Her consulting experience includes over 2,200 practices of all sizes and specialties. Typical engagements include: practice start-ups, practice assessments, mergers, financial analysis, revenue enhancement, overhead reduction, personnel management, over 500 practice valuations, expert witness, partnership issues and recruitment support for hospitals and physician groups. She has presented seminars and lectures nationwide for state and local medical/dental associations, management organizations and specialty societies. Visit her website at www.practiceconsultants.net