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Numbers Don't Lie -- Evaluating the Financial Health of Your Practice

Numbers Don't Lie -- Evaluating the Financial Health of Your Practice


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by Reed Tinsley

Do you know the only ONE medical practice benchmark that counts? Do you know how to analyze your practice numbers and spot trends? How are you at comparing your physicians' productivity? Do you know the 7 Signs of Financial Problems in the Practice?

Learn the answers to these questions and much more in this 90-minute conference with Reed Tinsley, the nationally-known expert on medical practice financial health.

You already know that good financial management is the key to your practice's success. You know it is essential to monitor and review key financial reports each month-but generating reports is not enough. You need to look at the reports and understand the trends.

Reed's lively program will give you insight on the significance of variances in reports, and he will also discuss special situations in the practice including: practice mergers, MSO formulation, IPAs, changes in physician compensation formulas, office sharing, EMR/EHR, Lean Six Sigma, managed care, and more!

Hear the following:

  • Practical hints on report preparation -- frequency and methods for review
  • Analysis of numbers for clinical matters, AR
  • The smart use of " "dashboard" " reports
  • Analysis of payor numbers and revenue cycle reports
  • Common uses of the Relative Value Scale
  • Financial Statements and trend spotting in balance sheets, income statements
  • And learn about those 7 Signs of Financial Trouble in the practice.

  • Meet Our Expert Speaker

    Reed Tinsley, CPA, CVA, CFP, CHBC, is a Houston-based CPA, Certified Valuation Analyst, and Certified Healthcare Business Consultant. He works closely with physicians, medical groups, and other healthcare entities with managed care contracting issues, operational & financial management, strategic planning, and growth strategies. His entire practice is concentrated in the health care industry.

    Reed has published numerous articles in national and regional publications and is frequently asked to speak on a variety of health care topics, including capitation, revenue enhancement, and integration strategies. His articles have been published in the Journal of Medical Practice Management, MGMA Journal, Hospital Physician, Texas Medicine Family Practice Journal, Group Practice Journal and the American Bar Association Health Law Journal. Mr. Tinsley also serves on the Editorial Panel of Consultants for the publication Managed Care Contract Negotiator.

    Both the American Medical Association and the Southern Medical Association have sponsored Reed's seminars. In addition to his consulting and speaking projects, Reed has also written Medical Practice Management Handbook for CPAs, originally published by Harcourt Brace. He has also co-authored three other healthcare books published by John Wiley and Sons: Performing an Operational and Strategic Assessment of a Medical Practice, Valuation of a Medical Practice, and Healthcare Financial Operational Manual for IPAs. Reed has also written two books published by the American Medical Association: Negotiation of Managed Care Contracts and Medical Practice Mergers.

    Moderator: Nancy Collins, Publisher of The Journal of Medical Practice Management®