Financial Consulting

Without the critical information you get from coordinated financial planning, your practice, day surgery or hospital is flying blind. After all, when the revenue is rapidly flowing and in good supply, anything is possible. When the flow of money is too small or too slow, everything suffers, including; quality of care, staff morale, employee retention, motivation, productivity, and the practice's financial viability.

Successful medical practices have accurate budgets, continuous and specific plans for controlling costs, and responsible strategies for allocating expenses. QLD Practice Management can help you compare your financial performance against standard expectations of other similar medical practices.

When the finances are sound, anything is possible; QPM can help you and your business with:

• complete managerial budget creation and assessments
• cash flow analysis and management
• evaluation and benchmarking of any expense from staff and provider salaries to equipment and supplies
• precise month-end report preparation
• quarterly financial data review
• annual "practice at a glance" evaluation
• training in hospital or practice analysis through reporting
• accounts payable management
• patient balance tracking
• customized collection process
• fee schedule analysis
• analysis of reimbursements from Medicare, and all private health fund contract sources