Archives : finance
Vantage Clinical Solutions principal and clients highlighted in PT in Motion magazine
Improving healthcare through entrepreneurship speaks to the core mission of Vantage Clinical Solutions. Our mission is focused on providing solutions which foster an entrepreneurial spirit within the healthcare arena in order to support the success of businesses with a healthcare focus.
An article in the June 2011 edition of PT in Motion, titled “Good Business: When it comes to the business of physical therapy, a little analysis can go a long way,” by Chris…
Upcoming Seminar: Finance 101 for PT’s: Understanding and Using Basic Financial Statements in Physical Therapy | February 10, 2011
PT’s in administrative, ownership, and program development roles are often required to decipher information found within the balance sheet and income statement (P&L) of a private practice or rehabilitation department. The PT’s ability to understand these common statements is critical to making important business decisions as well as to comprehending the true financial status of a business or organizational unit.
In the upcoming seminar, “Finance 101 for PT’s: Understanding and Using Basic Financial…
Tannus Quatre to speak at the 2011 American Physical Therapy Association Combined Sections Meeting
Tannus Quatre PT, MBA, principal and consultant for Vantage Clinical Solutions, is scheduled to speak at the American Physical Therapy Association’s (APTA) Combined Sections Meeting (CSM) in New Orleans, Louisiana on February 10th and 11th, 2011.
Tannus’ presentations will include “Finance 101 for PTs: Understanding and Using Basic Financial Statements in Physical Therapy” on Thursday, February 10th and “The Power of Branding: Making a Difference with Your PT Brand” on Friday, February…
Strategic Planning by the Numbers
I authored the following article which published in the February 2009 issue of Impact Magazine, a publication of the Private Practice Section of the American Physical Therapy Association.
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Strategic planning by the numbers
By Tannus Quatre PT, MBA
For some, the concept of strategic planning might conjure up images of board rooms, executives, complex graphs, and detailed reports. While this picture of strategic planning may hold true in the world of big…
A Doctor by Choice, a Businessman by Necessity
A good essay in the NYTimes.com which speaks to the rising commercialism of healthcare.
I didn’t bother to disillusion him, but the reality is that most doctors today, whether in academic or private practice, constantly have to think about money. Last January, Dr. Pamela Hartzband and Dr. Jerome Groopman, physicians at Beth Israel Deaconess Medical Center in Boston, wrote in The New England Journal of Medicine that “price tags are being applied to
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Dear Doctor: Here is half your money, take it or leave it
I recall as a student when – somewhere near the last day of school – an instructor would share the funniest things that they’d seen come across their desk throughout the year. It was usually some 5-word blooper from a student or a simple, yet funny misstatement of history that found it’s way into a writing assignment; something that managed to set itself apart from the rest, truly catching the attention of the instructor through…
Female patients not immune from economy’s impact on healthcare services
We’re blogging about this quite often here at The Healthcare Entrepreneur, but in case you haven’t noticed, the souring economy is having an impact on the healthcare provided through private medical, physical therapy, and dental practices. People are delaying care, paying more slowly, and
Moody’s revises healthcare outlook from “stable” to “negative”
Maybe we only think we are recession proof. With the seemingly never ending spiral of credit, housing and banking crises ravaging through the global economy, investors are starting to take notice that healthcare doesn’t exist in a silo.
Medical practices, hospitals, and physical therapy clinics get paid by someone, and if that someone is in financial trouble, you can bet the problems don’t stop at the practices’ front doors. The someone just so happens to…
Being “in the know” isn’t above (or below) any of us
Being “in the know” isn’t easy. Knowing all of the elements that go on within a private practice, or any small company for that matter, can appear to be a daunting task, if not impossible. As such, delegation takes a prominent role in the management of many important matters responsible for the sink or swim of small healthcare practices, replacing owners’ ”in the know” with “in the dark.”
For any practice owners that think that there…
The numbers game: Fee schedules
In healthcare finance, numbers are – unfortunately – a game. As much as we’d all like to focus on the practice of quality care and little else, the amount we charge for services and the amount we are paid are distinctly different concepts, and therefore must be understood (better yet, managed) as such.
Fee schedules upon which payments for services are (loosely) based, must be higher than the amounts allowed by each payer if a practice…
