Physicians and their medical practices today face innumerable problems and challenges in analyzing current market changes in the medical field.
Do they understand and have the skills and knowledge to make advantageous decisions related to the increasingly complex situations in which they find themselves? Do they merge, oversee their office managers more closely, sign their own checks, and scrutinize accounts, or do they need a professional to come in and evaluate their practice and prepare a comprehensive financial assessment?
This Accounting Handbook for Medical Practices gives physicians a valuable, usable, and readable journey through the proper processes of financial accounting and related issues. Sample charts, accounting formulas, and informative case studies enhance each chapter.
Why Accounting and Financial Decisions Challenge Medical Practices and How to Address Them
This book tells you what inefficiencies currently cost most physicians and their medical practices. In addition to providing you with financial analysis charts, you will find in these pages:
General rules for accountingDetailed outlines of financial statementsAudit standardsOperating expense analysesSpecial medical practice issuesCase studiesCost-accounting examplesInternal control relating to medical practicesTax issues
The Accounting Handbook for Medical Practices is a must-have for CPAs, accountants, physicians, physician practice management companies, hospital personnel, medical practice administrators, management consultants, and a range of others involved in related issues.