Using these tools can help you keep your practice on track.

Richard E. Gable, Ph.D., M.B.A., CEO of Dynamic Health Connnections, Inc., recommends using these financial tools to make sound business decisions and successfully manage your practice.

•Cost/break-even analysis

- pertains to the relationship between incremental revenue and costs.

•Trend analysis/RBRVS based analysis -

examines performance over a defined period of time.

•Practice activity reports -

deal with patient visits and selected surgical volumes by procedure, charges, net collections, etc.

•Capitiation revenues/procedural summaries

– assess capitated payers relative to discounted fee-for-service payers.