What is the purpose of a financial policy

1.

What is a financial policy?

2.

What is the purpose of a financial policy?

3.

List 4 benefits of using financial policies.

4.

List 4 types of information which can be included in a financial policy

Using the following

information, calculate all possible practice management ratios:

June, 2011

# of Patients seen

–

4,785

Monthly Charges

–

$1,340,000

Monthly Income

–

$899,000

Total Operating Costs

–

$643,521

Total Accounts Receivable

–

$1,650,000

Was this practice profitab

le in June, 2011

 

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