Scoring: 0 = not true · 1 = partly true · 2 = fully true. Maximum 20 points.
1. We track days in A/R, denial rate, and net collection rate every month.
2. We have a 13-week cash forecast, updated weekly.
3. We know provider-level profitability, not just total practice revenue.
4. We track payroll as a percent of collections every month.
5. We know our effective reimbursement per visit by payer.
6. We have a budget that’s reviewed monthly against actuals.
7. Financials close on time, are accurate, and we trust them.
8. The owner isn’t the only person who understands the economics of the practice.
9. Our finance seat (bookkeeper / controller / CFO) matches the practice’s size and complexity.
10. We could pass lender or buyer diligence on our financials today.
0/ 20
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By Heather Engler, Esq.
Founder & Principal, Capital Advisors
Heather blends legal training with deep expertise in bookkeeping and tax compliance, giving her a unique perspective on financial strategy, risk management, and operations. Under her leadership, Capital Advisors serves hundreds of clients across bookkeeping, tax, payroll, and financial advisory. More about the team →