While we care for patients, like it or not, we also run a business. Before Doctors CFO, I was great at running a practice and terrible at running my business. With Doctors CFO, my practice takes better care of patients, and my business is more profitable than it has ever been and it only takes one hour each month! Doctors CFO is a win for my patients and a win for my practice. I would highly recommend their services to anyone.
Idaho Skin Institute
Leaders in Medical & Dental Analysis
Doctors CFO has been provided over 3,000 medical and dental practice management consultations in the last 10 years. During those 10 years and 3,000 consultations, we have built an incredible Virtual Practice CFO based on best practices and user requirements. Our Virtual Practice CFO uses your billing and accounting data to uncover your business reality and key performance indicators (KPIs). We will turn your data into actional knowledge. In large corporations, they call this process financial planning and analysis (FP&A). Our model will show you your real numbers, how they compare to a plan and what is forecasted, but this is only step one.
The second step is the process where we review the numbers together as owner, office manager, and consultant. Numbers represent processes and here we discuss processes, procedures and more that can be improved. The meeting will results in a few top actions to work on that month. Over time these few actions lead to big results. Big results give you more time or more money to achieve your dreams. The practice manager loves the sessions because they get a chance to hear what the doctor expects of them. The doctor loves the sessions because they have a forum to hold themselves and the practice manager accountable. It is a win-win!
Our model works perfectly for dermatology clinics, podiatry clinics, general dental clinics, pediatric dental clinics, periodontal clinics, physical therapy clinics, chiropractic clinics, integrative medical clinics, family medical clinics and all clinics that have patients.
Our model and other tools also help with equipment planning and use, equipment ROI, staff planning, raise planning, mergers, acquisitions, buyouts, practice valuations and more.
We have experience with private equity buyouts including involvement in the QOE (quality of earnings) process.
When required, we can do custom analysis and more. Whether you are a multi-practice organization or a single practice, our unique approach to analysis and problem solving will give you a critical edge for success. All of these services are available to help your organization facilitate change, optimize performance, increase productivity and achieve your vision so you have more money and time to achieve your dreams!
CFO & Management Consulting
With over 20 years of experience, our CFO services are unmatched in the industry. Our ability to provide deep and rich insites from your practice data will help you get more time and money to reach your goals. Please see our package options below.
Our direct consulting is limited and Doctors MBA allows us to be there when we can't. It includes tools for KPI management, new patient tracking, equipment ROI, training and much much more.
You must first know your numbers before you can achieve your goal! Our impressive reporting package includes the analysis and data that you need to discover opportunities and problems. This combined with our 1000's of reviews will give you deep and actionable insight.
Knowing your numbers is the first step, implementing the second. Our thousands of hours consulting allows us to explain deep concepts in simply.
We specialize in accounting and payroll for medical and dental practices including the ability the combine separate tax IDs for the practice entity and the real estate entity. This lowers your accounting costs and allows you to have consolidated reports at all times. Prices start at $250 a month and this includes Quickbooks Online.
Do you have that impossible project you think can't be done. Give us a call, chances are we have already done it.
Let’s face it, running a practice is difficult! The complexities of marketing, training staff, knowing numbers, balancing the books and more are left out of medical training. With Doctors CFO and Doctors MBA you will get the training and insights you deserve.
FROM OUR CLIENTS
“The pricing model tool has an integral part in helping decide whether or not I should buy new equipment, hire more staff and even gives me vital insight into my coding practices. This tool has become indispensable in my decision making process in nearly all facets of my practice.”
DPM, Podiatrist, Valley Foot & Ankle
“The pricing tool is a very easy to use and easy to understand way to look ahead and see if what your being sold is really a worthwhile investment. I highly recommend using it prior to any major equipment purchase.”
MD, FAAD, Dermatologist, General Surgeon, Idaho Skin Institute
“The DRCFO pricing model has helped me tremendously to be able to understand how devices or procedures will work for us over both the short and long term. This assistance provides an opportunity to focus marketing efforts, make appropriate purchases, and shift attention to where it is needed.”
MD, FAAD, FASDS, Dermatologist, Apex Dermatology
"Doctors CFO is taking the ROI calculation on equipment purchases to a science without uncertainties. Previous decisions that overlooked attached costs like labor are made clear with this very useful tool. The really spectacular result is seeing how the "if's" in decision-making evaporate when variable costs become quantified with this much detail. I definitely recommend using this application before making a large investment."