{"id":11170,"date":"2014-02-09T00:20:32","date_gmt":"2014-02-09T00:20:32","guid":{"rendered":"http:\/\/tricks-collections.com\/?p=11170"},"modified":"2014-04-09T00:12:06","modified_gmt":"2014-04-09T00:12:06","slug":"how-physician-practices-can-benefit-from-cfo-services","status":"publish","type":"post","link":"http:\/\/tricks-collections.com\/how-physician-practices-can-benefit-from-cfo-services\/","title":{"rendered":"How Physician Practices Can Benefit from CFO Services"},"content":{"rendered":"
The solo or small physician practice typically has the following skills sets: the skills of physician, the skills of other clinicians such as a registered nurse or nurse practitioner, and the skills of clerical staff. This leaves a gap when it comes to business activities which require a higher level of skill than clerical staff possess, often leaving the physician to perform non-revenue generating tasks outside of his or her realm of expertise.<\/p>
As a physician, you may be wondering whether it makes more sense to lease or buy a piece of equipment for your office. By using the services of a part-time CFO, you can get advice about the best financing terms, impact on taxes, and other considerations to help you make the best decision for your practice. A part-time CFO can help you by quickly making these determinations while you continue to see patients and generate revenue.<\/p>
<\/p>
Perhaps your practice is subject to seasonal and other fluctuations and you need help managing cash flow or applying for a line of credit or other loan. A part-time CFO can ensure that your financials are in order for lenders, help you understand how improve your profitability and cash flow, and assist with projections and planning.<\/p>