Assessing Financial Health and Managing Risk in Your Practice
Assessing Financial Health and Managing Risk in Your Practice
6 Pages1 Assessing Financial Health and Managing Risk in Your Practice WHITEPAPER2 3 From the final quarter of 2020 through the end of 2021, there will likely continue to be a lot of uncertainty surrounding the financial risks that will be faced by private healthcare practices. Even with some recent stabilization, there could still be a rough road ahead for private practices. This whitepaper is intended to first help providers and staff learn to assess the current financial health of their practices. It will then provide a methodology for identifying various financial risks. Lastly, this paper will offer suggestions for addressing, managing and (when possible) mitigating the financial risks identified at a practice. In the few years leading up to 2020, healthcare organizations were enjoyi
