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Essential Financial Metrics

Essential Financial Metrics

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Nick Hernandez, MBA, FACHE
No matter how high the quality of a medical practice’s healthcare services is, the practice is doomed unless it is successful financially. Because, in the most basic sense, financial success is medical practice success. In today’s healthcare environment, with healthcare reform pressures, stiff competition, and increased regulatory scrutiny, achieving that all-important financial success demands effective financial performance management.