Andover, NH (PRWEB) November 09, 2011
A new tool is available to help physician practices measure how well they are managing their cash flow and where they could be making improvements. Developed by ProClaim Inc., the Healthcare Cash Flow Scorecard leads users through a series of yes or no questions covering areas such as billing, credentialing, technology, supplies, patient satisfaction, staffing, strategic planning and more. Once completed, a scoring rubric indicates how well the practice is faring.
This is an easy way for a practice to analyze where they’re at,” says Vijay Reddy, CEO at ProClaim Inc. “Just because a practice is profitable doesn’t mean it isn’t experiencing cash flow issues. The scorecard provides a broad overview of the things that affect cash flow and uncovers areas that might need some attention.”
According to Reddy, the scorecard takes less than 15 minutes to complete. “Physicians don’t always have enough time to analyze their financial picture. This method gives them a quick analysis and a list of things to work on, using either internal resources or the help of outside experts.”
Founded in 1990, ProClaim Inc. is a pioneer in developing and providing solutions that address cash flow issues faced by healthcare providers.
To request a Healthcare Cash Flow Scorecard, go to http://www.proclaiminc.com/cashflow.