Practice Cash Management and Collection

Description: Lead and manage an effective collection process by identifying critical management reports and databases. Create processes to ensure the validity of your practice's financial data, and deter and identify theft. Define your role and your top administrator's role in the collection process, so you don't waste your time, but have adequate financial oversight. This course utilizes "The Physician Managers Handbook The 2nd Ed." (Chapter 2) which must be purchased independently of this course. We recommend www.bestbookbuys.com to locate the book. This is a class in a series (11 courses total) all using the same text. Author: Robert J. Solomon, Ph.D. is Professor of Business Administration in the Mason School of Business, The College of William & Mary, Williamsburg, Virginia. He is author of the books The Physician-Manager's Handbook, The Physician-Manager's Handbook 2nd Edition, and Clinical Practice Management. He has managed an outpatient practice providing psychiatric, psychological, and clinical social work services and is a licensed industrial psychologist. He wrote a monthly column on medical business issues for American Medical News for six years, and has published over thirty refereed journal papers and conference proceedings including publications in Journal Of Health Care Marketing, Journal Of Medical Practice Management, and Archives Of Ophthalmology. Dr. Solomon has conducted physician leadership development programs for over fifty health care systems nationwide. These programs have focused on physician leadership, change management, and negotiation skills. He has also consulted with medical practices.

Objectives:

1. Participants will be able to use management reports to ensure the validity of your practice's financial data and deter and identify theft.

2. Participants will be able to manage the collection process by supervising your practice's collection manager.

3. Participants will be able to define the appropriate role in the collection process so you are not micromanaging and misusing your time, yet have adequate information to know the financial health of your practice.

4. Participants will be able to change the collection process if your accounts are out of control.

CE Credits: 1

Agenda:

Hour One: Using management reports, Collections.

Methods: Pre-test, Book Study, Posttest and Evaluation Q&A by Email

CE Broker Course #: Online: 20-179240

Content Area: Practice management

Purpose: To provide practitioners with cash management and collection skills Target Audience: All health care practitioners who manage health care practice.