Patrick Roger’s Post

How to Gain Insights from Financial Data for Effective Cost Reduction -Relying solely on past budgets. -Ignoring key performance indicators. -Making decisions based on gut feelings. How you actually gain insights from financial data: -Educational analysis around your cost drivers. -Free tools to visualize your financial performance. -Consistent value and clear reporting. -Strong metrics are good, but effective strategies are better. -Make people WANT to leverage data for cost reduction. Let's build a better healthcare practice together. P.S. Want to know more? Sign up my weekly newsletter! Yourpracticestory.com

Yes, running a site requires proficiency in patient care and science. But it also demands financial management skills. Our article, “Guidelines for Effective & Efficient Clinical Trial Site Financial Management,” has the insights you need to succeed in this often-overlooked area. Read it now: https://ow.ly/79U750SmpFB #clinicaltrials #patientcare #clinicalresearch

While every medical practice/business will have its own nuances, it is critical to assess each practice’s performance to industry best practice. This article is Part Two in our Financial Health series by Andrew Tathem and Jeremy Gimpel. Article covers how to assess your practice against industry standards and optimise your profitability. #FinancialHealth #FinancialPlanning #BusinessTips

Determining the value of your Medical Practice is crucial. At Strategic Medical Brokers, our Medical Practice Value Calculator allows you to estimate the true worth of your practice. While useful for providing a general idea, a comprehensive valuation demands a thorough analysis of your practice's financial and operational performance, along with an evaluation of market trends and growth opportunities. Visit our website and enter the required information about your practice https://lnkd.in/gxwPaHPt #valuation #MedicalPracticeValuationCalculator #practicevalue #strategicmedicalbrokers

With just over a week left until the end of the financial year, it's important to ensure your practice is prepared! Download our EOFY Checklist to ensure the key metrics and data have been actioned in the lead-up to the End of Financial Year and how you can set yourself up for a successful new financial year. https://hubs.la/Q02Cn18N0

Enjoy 15% off our new book, "Even Better Data, Better Decisions: Advanced Business Intelligence for Medical Practices," through March 31. Enhance your financial performance and stimulate growth with Nate Moore, CPA, MBA, FACMPE. Learn how to: • Design more efficient staff models • Predict gaps in provider schedules • Track and diagnose common errors for denied claims • Optimize referral patterns • Track delinquent patient payment • Monitor Medicare quality codes Buy Now: https://bit.ly/3TgRpe8 #healthcarebusinessintelligence

Is your EM billing data a source of anxiety or opportunity? Look beyond RVUs and reimbursement rates. Your data can reveal: - Opportunities for clinical education - Patterns for process improvement - Insights for enhanced patient experience Don't let fear of financial pressures overshadow the potential for growth. What story is your EM billing data really telling?

Watch this webinar with Susan Fink Childs, FACMPE now if you want to learn how to: ✅ Distinguish roles and areas of opportunity within the billing process to successfully communicate and work with patients regarding their financial responsibilities. ✅ Explore financial policies and procedures and implement secure internal checks and balances that can protect your revenue cycle and your patients. ✅ Research electronic tools and resources that can speed up collections and provide patients with more convenient options. https://lnkd.in/gXxJPsgy

To help medical practices collect payments from cash-strapped patients, six practical tips are suggested. 📌These include: ✅establishing clear financial policies, ✅offering payment plans or instalments, ✅providing information about financial assistance, ✅offering discounts for prompt payment, ✅communicating empathetically, and ✅considering offering online payment options. 📌These tips aim to make the payment process smoother and alleviate financial burdens on patients. ✅Additionally, these are all tools that help you & your staff open communication & balance the financial health of your practice with the challenges faced by cash-strapped patients. 🌐www.qlpp.co.za 🖲info@qlpp.co.za

To help medical practices collect payments from cash-strapped patients, six practical tips are suggested. 📌These include: ✅ establishing clear financial policies, ✅offering payment plans or instalments, ✅providing information about financial assistance, ✅offering discounts for prompt payment, ✅communicating empathetically, and ✅considering offering online payment options. 📌These tips aim to make the payment process smoother and alleviate financial burdens on patients. ✅Additionally, these are all tools that help you & your staff open communication & balance the financial health of your practice with the challenges faced by cash-strapped patients. 🌐www.qlpp.co.za 🖲info@qlpp.co.za