One cannot dismiss the importance of this and expect someone to take care of your money as well as you will. Physicians need to learn how to read the income statement. It is very important to understand the interrelationship of the numbers. Hold back on looking at the very bottom line until you know what is feeding it. That doesn’t mean you need to be going to the bank and putting the deposits in but you better be watching those numbers and take the time to understand them.
Learn more about Regent Surgical Health.
Read more insight from Joyce Thomas:
– Critical ASC Mistake: Failure to Maintain the ASC’s Appearance
– Best Quality Care: Hospital or Ambulatory Surgery Center?
– Critical ASC Mistake: Physician-Owners Using the ASC as a Bank
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.