Developing and implementing an investment strategy

Establishing a network or expanding a practice to take advantage of the managed care market requires finding ready sources of capital. Once you have found your capital, however, what do you do with it? A sound investment strategy is necessary to ensure that the organization meets its financial goals. In this day and age, a strong balance sheet is increasingly important to medical groups and their capital providers. Starting with a review of your group's cash management systems, this article presents how to establish an investment strategy. The process includes reviewing historical financial information, developing an investment policy and using outside investment management (if needed).