A Practice Management Healthcare Consultant is distinguished from a generalist accountant, because they understand the healthcare industry. This understanding requires timely reporting and analysis of practice financial results. At our client meetings with dental and medical practices, the consultant will contrast your practice expenditures with prior years: how do expenses for this year compare with last year? And what trends are evident?
The consultant will then compare your practice results with those of similar practices. Are your firm resources being used wisely? Are there cost saving ideas for dentists and doctors that could result in lower expenses? Reviewing past performance and determining current needs for short and long term will impact the overall financial success of the practice.