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Related Experiment Videos

Turn your fee schedule into a valuable management tool.

Michael C Joyce1

  • 1Joyce & Associates, 307 W. Ivanhoe, Gilbert, AZ 85233, USA. MCJoyce@MSN.com

The Journal of Medical Practice Management : MPM
|September 16, 2003
PubMed
Summary

This study presents a fee schedule analysis method to ensure sufficient fees and assess financial health. It provides tools for evaluating cash flow, accounts receivable value, and new service revenue potential.

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Area of Science:

  • Healthcare Management
  • Financial Analysis

Background:

  • Effective fee schedule management is crucial for healthcare financial stability.
  • Accurate financial assessment requires robust analytical tools.

Purpose of the Study:

  • To introduce a fee schedule analysis methodology.
  • To provide management with essential financial information and tools.

Main Methods:

  • Implementing a described fee schedule analysis methodology.
  • Utilizing the methodology for fee setting and financial assessment.

Main Results:

  • Confirmation of fee sufficiency.
  • Assessment of cash flow position.
  • Determination of accounts receivable value.
  • Estimation of collectible amounts for new services.

Conclusions:

  • The described method offers valuable insights for financial management.
  • It aids in optimizing revenue and resource allocation.

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