As a small business owner you confronted with issues that have nothing directly to do with practicing dentistry or medicine. We visit clients throughout the year and take a "hands on" approach to guiding you through the business issues you were not trained to handle.
These include:
- Understanding how your practice compares to others in your specialty--financially and operationally
- Personnel management
- Strategic planning
- Government compliance
- Workflow Optimization
- Managing the revenue cycle--billing and collections
- Creating a financial surplus by managing costs
These services form the solid foundation of our relationship with you. You can customize the package of services based pm your specific needs.
Understanding how your Practice is Doing Financially
We prepare operating statements customized for your practice needs that clarify:
- How profitable your practice is.
- Potential problem areas with your expenses.
- Potential problem areas with your collections.
- Where each principal stands with their division of income.
- Potential cash flow issues, often before they become acute.
- Strategic planning issues, either opportunities or pitfalls.
- Tax issues.
Personnel Management
Areas we can help you with personnel management:
- Hiring the best people available.
- Training and managing staff effectively and efficiently.
- Putting in place sound personnel policies.
- Advice on handling employee issues.
Strategic Planning
- What insurance to accept.
- Where to open up locations.
- Additional services or products to offer.
- When to take on new associates or partners.
- Whether to expand or contract operations.
- How to respond to unexpected changes in the business environment.
Our experienced consultants have seen the entire business cycles of literally hundreds of practices. We can put that experience to use for you. This is particularly effective because our consultants know you so well from our frequent visits!
Government Compliance
- Income tax reporting
- Payroll reporting
- NPI numbers
- Medicare numbers
If you are out of compliance, you must get back in compliance as soon as possible. Problems get worse when ignored. Call us today if you have a compliance issue!
Buy-In's & Buy-Outs
Whether you are on the buying or selling end of a buy-in or a buy-out, we've been there before. Many times. We not only understand how they work, we also understand how they work for your particular specialty in the current business environment.
