01
Know the Numbers
Build one consistent view of practice performance.
Owners and managers need a dependable view of the practice’s financial and operational condition. Collections, Collection Rate, Operating Overhead, Operating Remainder, Accounts Receivable and A/R Aging answer different questions; none should be interpreted alone.
Use the same definitions, reporting periods and source reports each time. The practice’s own baseline and trend provide the starting point for deciding what changed and where a closer investigation is warranted.
- Collections
- Collection Rate
- Operating Overhead
- Operating Remainder
- Accounts Receivable
- A/R Aging

