Vous avez de la difficulté à gérer les finances de votre cabinet. Quel est le meilleur outil pour vous remettre sur la bonne voie ?

There are tools that are available in the market. However choosing it carefully is important because at the end of the day, you need probably that one perfect tool that suits your need. I would look for the following aspects while choosing such a tool - automatic bank feeds, expense categorization, and customizable reporting to help you gain insights into the practice's financial health. Additionally, probably the predictive feature to throw possibilities in future on the table.

The best tool to help manage your practice's finances efficiently would be a comprehensive healthcare practice management software. This software can streamline financial processes, including billing, revenue cycle management, and financial reporting, to ensure smooth and accurate financial operations for your practice. By utilizing a dedicated healthcare practice management software, you can automate billing processes, track patient accounts, manage insurance claims, and generate detailed financial reports to gain better control and visibility into your practice's finances.

This is a crucial part in making sure your books are accurate. By reconciling you can see if you had an error or if if there was fraud on your account. I suggest reconciling on a monthly basis at a minimum.

No matter what tool you use to monitor your business, you have to review your reports. If you don't understand the reports... find a mentor or online learning! Knowing your numbers matters. Finances drive businesses. Whether your practice is in a for-profit or not-for-profit organization. Whether you feel like you have control over your numbers or not. No matter your situation, knowing your numbers is important for leaders. There is always SOMETHING you can influence or impact. If you don't know what that is, do some research and talk to people. Find out. And make that impact!

Once you have a clear view of the actual goals and objectives: it’s imperative to understand the components of your reports. You have to know what you’re analyzing so you’re able to see where you may be missing the mark,need to make adjustments and/or see what’s working for the bottom line.

Setting realistic goals matters. Our brains crave progress. Track your improvements. Know what your team is doing to make an impact on your numbers. Set annual goals and adjust them rarely... and only after careful consideration. If there is something in the market or environment that has caused your goals to be unrealistic (either you won't meet it, or you'll exceed it by a lot), find out whether your organization would rather have an adjusted goal or an explanation of the variance. Different organizations want different things. Knowing your numbers matters!

I would also consider the importance of regular updates and training for yourself and your team on using the chosen financial management tool effectively. Staying informed about new features or improvements can optimize your practice's financial processes. Also, remember to have a contingency plan for unforeseen challenges, ensuring continuity in managing your practice's finances smoothly.