Explore " michael kling" with insightful episodes like "Manage Your Practice Like a Professional: KPIs to Manage By", "Manage Your Practice Like a Professional: Contingency Planning: How to Prepare for the Unforseen", "Manage Your Practice Like a Professional: Three Essential Financial Statements", "Manage Your Practice Like a Professional: Net Cash Flow" and "Manage Your Practice Like a Professional: A Simple Practice Budget" from podcasts like ""Review of Optometric Business", "Review of Optometric Business", "Review of Optometric Business", "Review of Optometric Business" and "Review of Optometric Business"" and more!
Key performance indicators let you measure your practice success--and make changes where it counts. Track the areas of your practice that highly impact profitability, such as exams per OD hour, capture rate, and how many AR treatments you sell in the optical.
Plan as you might, unforeseen events occur. How prepared are you for a sudden downturn, a poor health episode, or a weather-related catastrophe? Assess the preparedness of your practice to deal with such events, then take steps to put contingencies in place.
Net cash flow is the most critical metric in practice management and practice valuation. Here are keys to maintaining a positive cash flow that allows you to manage comfortably, expand services and sales, and readily borrow to make improvements. .
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