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Related Experiment Videos

Total financial management.

R W Katz

    Medical Group Management Journal
    |October 6, 1991
    PubMed
    Summary
    This summary is machine-generated.

    Total financial management, a top-down approach by Robert Katz, helps physician/administrator teams regain financial control. This program outlines a two-phased strategy for effective practice financial oversight.

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    Area of Science:

    • Healthcare Administration
    • Financial Management in Medicine

    Background:

    • Physician and administrator teams often struggle with practice financial control.
    • Effective financial management is crucial for the sustainability of medical practices.

    Purpose of the Study:

    • To introduce Robert Katz's Total Financial Management program.
    • To describe a top-down, two-phased approach to regaining financial control in medical practices.

    Main Methods:

    • The article outlines a two-phased strategy.
    • Management is approached from a top-down perspective.

    Main Results:

    • Implementing Total Financial Management allows for regaining control of practice finances.
    • Key financial centers within a practice can be effectively managed.

    Conclusions:

    • A structured, top-down financial management program can empower healthcare teams.
    • The described two-phased approach offers a framework for improved financial oversight in medical practices.