Financial Solutions for Your Medical Practice

SX Medical Finance & Budgeting Solutions offers a wide range of services to meet your financial and operational goals and objectives. The ultimate goal for every practice is superior patient care and a thriving financial environment. Although both are equally important, often one goal is accomplished while the other suffers. In addition, the physicians are often burdened with the financial management of their firms, which takes away from their personal and patient time. SX will meet with you to tailor a plan to meet your practice’s specific needs. This will be accomplished by utilizing proven tracking tools focused on cost containment, maximizing revenues, cash flow improvement, enhancing productivity and overall medical practice effectiveness.

The following is a summary of our services offered:

Financial and Budgeting
Analyze historic financial statements and prepare budget analysis of existing operations. Provide CFO type services by providing detailed analysis of financial performance of current operations or practice expansions.

·Financial Services

· Accounts Payable
· Financial Statements 
· Payroll Processing

Financial forecasting
· Budget preparation and review
· Financial trending
· Overhead analysis
· Key Performance Indicator analysis
· Cash Flow

Revenue Cycle Management
Analyze revenue trends to understand and improve the revenue cycle.

· Key Performance Indicator analysis
· Patient Volume & Revenue trending
· Insurance Plan reimbursement analysis

Accounts Receivable Analysis
Analyze and understand accounts receivable to improve cash flow.

· Determine & define improvements in billing cycle - reduce days in A/R
· Monitor A/R aging to ensure accurate & timely payments

Human Resource Management
Analyze staffing and staffing ratios to improve moral and reduce the high cost of turnover.

· Compensation and Benefit Plan review
· Staff planning and job description development
· Employee evaluation systems
· Policies and Procedures

Information Technology
Analyze information systems for efficiency to improve patient care and overall practice efficiencies.

· Review software costs and determine return on investment
· Oversee implementation of software to ensure smooth transition

Strategic Planning
Assist in the creation and monitoring of a clearly defined strategic plan.

· Business Development
· Marketing Analysis
· Facility Planning
· Practice Start Up
· Practice Mergers
· Contract Review