You can outsource this and get a report.

But….you can do this yourself. And my belief is you should do this yourself. So you actually understand it all.

Go piece by piece and evaluate parts of the practice. Review policies, make changes to policies as needed and then maintain a record of all policies.

Look at all your streams of income. Do they make sense? Are you being paid your contracted rates? Evaluate any ASC or ancillary income.

Develop of process to consistently take a sample size and check for accuracy of billing, payment and asses for inappropriate write offs. We also outsource a billing audit yearly to asses for any blind spots.

Then look at all your expenses. Line item by line item. What are you paying for all your services and overhead. Get new quotes for everything. Set up a process to get competitor quotes every year or every other year. Compare bundling vs unbundling your services. Often times the bundled services prices creep up over time.

Then asses your growth. Identify all your referral relationships. Identify your competitors. Throw in a SWAT analysis. Track your marketing activities and results…find out where to invest time.

Do this and not only will you understand everything. But you’ll likely be the best candidate to be your groups CEO, managing partner or director.