Finance

Finance is a necessity to operating a successful business.  To make the best decision you must surround yourself with the best information.  Optimization and maximization of profits and expenses is the key to a profitable business.  

Do you know how many patients you have to see to break even?  Have you ever completed a Profit/Loss statement?  These concepts are not difficult with the proper processes and systems.

 

Marketing

Management

Operations

Finance

Information 

Systems &

Technology

 

Finance Frustrations

  • I don't have enough money.
  • I can't pay my bills on time.
  • My suppliers will only sell to me C.O.D.
  • My customers don't pay their bills.
  • I can't afford to hire enough help.
  • I don't know how to set up my books
  • I can't afford any new equipment.
  • I don't like collecting money.
  • I can't afford to keep sufficient inventory.
  • Budgeting doesn't work for me.
  • My creditors don't understand my problems.
  • I don't know what records to keep.

 

Finance Systems

  • Define financial goals and create profit/loss documents.
  • Forecast income so you can assure timely payment of bills.
  • Prepare financial statements to set up credit relationships with your suppliers.
  • Forecast future income and monitor expenses to evaluate your profit status.
  • Evaluate overhead costs to determine if additional personnel is feasible.
  • Calculate and track your operational costs.

 

Interested in more information on how you to finance your practice.  Click here.

 

Home | Marketing | Management | Operations | Finance | Information Systems | HealthCare Village

 

 

Terry S. Ward

5300 Hollister, Suite 200 | Houston, Texas 77040

713-690-1000

 

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