Cash Flow Analysis and Practice Enhancement
[Medical Practice Lifeblood]
By Gary L. Bode
By David Edward Marcinko
The Statement of Cash Flows (SCF) is the lifeblood of any medical practice. It is the movement of money into, and out of, your medical practice. And, it is the analysis of the cash inflow and outflow cycle that determines practice solvency; thriving, stable or moribund – Joseph Michael Fabiszak; CPA
The Statement of Cash Flows (SCF) is the lifeblood of any medical practice. It summarizes the effects of cash on office operating activities during an accounting interval.
In periods of rapid growth, as can occur with the acceptance of some managed care contracts, increased revenue actually equates to less cash and potential trouble in terms of practice survival.
Therefore, accurate Cash Flow Analysis (CFA) will allow the physician executive to determine the effects of past strategic business decisions in quantitative form. The accurate and proactive nature of this analysis may spell economic success or failure in the competitive healthcare 2.o environment.
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