For each statement, choose how true it is of your business today. Answer honestly. This is a mirror, not a test. Maximum 20 points.
1. We know our net collection rate and it's above 95%.
2. Days in A/R are under 40 for primary care (under 45 for specialty).
3. Our denial rate is under 8% and we track the reasons.
4. We know profitability by provider as well as total practice revenue.
5. Payroll as a percent of collections is measured every month.
6. We have a 13-week cash forecast we actually update.
7. Our books close on a set date each month.
8. We know our effective reimbursement per visit by payer.
9. The owner isn't the only person who understands the finances.
10. We could pass lender or buyer diligence on our numbers today.
Where to next
Want the books off your plate?
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What happens next
Reading about it and having it done are different things. Here is exactly what happens if you want the second one.
- The call takes thirty minutesYou describe the business and where the numbers are letting you down. We give you an expert view of your situation, and what we would start with. There is no pitch deck.
- We look at the fileYou give us read access to the books as they are. We come back with what is wrong, what it will take to fix, and whether the answer is bookkeeping, controller work, or something else.
- We send a written scope and a priceIt lists what we do each month, what you get, the date it lands and the fee. We agree it before anything starts, and it does not change unless you agree.
- We take over the books and close the first monthWe set up access and systems and enter the opening balances. The first close lands on the date in the scope, and every one after it does too.