Semble’s Post

Mastering Mazévo: A Complete Guide to Billing & Invoicing https://hubs.la/Q02vXvkL0

Dear therapy practice owners, How do you charge your clients' credit card payments? I often see many therapists overcomplicating their financial systems in order to avoid credit card fees. Here's my take on this topic: Using your EHR will beat any other method. Read more here: https://lnkd.in/ey2h57Cv #therapypracticeowners #therapists #bookkeeping #smallbusinessowner

🚀 Elevate Your Medical Practice with Spot-On Bookkeeping! 🏥✨ In the dynamic world of small private medical practices, precise bookkeeping is essential to keeping your operations running smoothly. Here’s why honing your bookkeeping can make all the difference: 💡 Perfect Billing: Ensure every patient invoice is accurate and up-to-date, reducing errors and improving cash flow. 💰 Insurance Payments: Verify that all insurance payments are accurately recorded and seamlessly matched with patient accounts. 🗂️ Organized Records: Regularly update and manage billing, reimbursements, co-pays, and essential expenses—like supplies, lab costs, and equipment—to maintain financial clarity. 🔍 Maximize Deductions: Keep track of deductible expenses for equipment, supplies, insurance, and education to optimize your financial outcomes. Efficient bookkeeping supports not only a healthier financial outlook but also lets you focus on what you do best—delivering outstanding patient care. Interested in refining your bookkeeping practices? Explore how precise financial management can enhance your practice’s success and stability. #MedicalPractice #Bookkeeping #HealthcareFinance #PrivatePractice #FinancialHealth #SmallBusiness

Help organizations streamline client onboarding and revenue cycle workflows, and ensure they get paid on time, every time. Join our Friday Oct. 18 Webinar. As bookkeepers and accounting professional business owners, we deal with a lot of invoices. We also deal with onboarding new clients, which, if not streamlined, can be a time-sucking, laborious, process. There are accounting software companies that streamline this process but charge high subscription fees. Anchor has no subscription fees and is a highly effective tool in streamlining the onboarding process, invoicing and timely accounts receivable. Omri Peled, will introduce the Anchor's software to us. Throughout this session, Omri will explore Anchor’s autonomous end-to-end billing and payments solution, which covers the entire cycle—from vendor and client agreements to managing invoices, payments, and reconciliation. He’ll discuss best practices and highlight the new and exciting tools Anchor has just released to help business owners streamline workflows, save valuable time, protect their revenues, and ensure they get paid on time, every time. https://lnkd.in/gcd8gGNc

If you haven't already, you might want to check out this class… Advanced Invoicing: Special & Complex Invoicing Scenarios (2525) https://lnkd.in/gcu52Pud What you’ll learn from this class: ADVANCED INVOICING: SPECIAL & COMPLEX INVOICING SCENARIOS 1. Info that you need to know about each job before you Invoice 2. Content and layout options a. Single-line Items b. Multi-line Items c. Headers d. Subtotals e. Discounts f. Using Groups g. Adding Time and Costs h. ‘Billable’ status levels i. Positioning Time/Costs on the Invoice j. Placing time and costs from several jobs on one Invoice 3. Should you create an Invoice from an Estimate or Sales Order? a. When it’s a good idea b. How to do it #buildyournumbers #infoplusaccounting #InfoPlus #onlinetraining #quickbookstraining #QuickBooksMagic #advancedinvoicing #constuctionaccounting #jobcosting

For small medical practice owners, balancing top-notch patient care with effective financial management is crucial. Here’s how you can ensure your practice remains financially robust: Accurate Bookkeeping: Keep your financial records updated to track patient billing, manage expenses, and prepare for tax season seamlessly. Regular updates help prevent costly errors and omissions. Cash Flow Management: Monitor your cash flow closely to cover daily operating costs and invest in necessary upgrades or expansions. Proactive cash flow management helps avoid financial strain and ensures smooth operations. Automate Where Possible: Utilize automated bookkeeping solutions to save time and minimize errors. Integrating QuickBooks Online with healthcare-specific applications can streamline billing, payroll, and expense tracking. Regular Financial Reporting: Generate and review financial reports regularly to understand your practice’s financial health. Use these insights to make strategic decisions and identify growth opportunities. Seek Professional Help: Partner with a bookkeeping expert experienced in healthcare finance to ensure accuracy and compliance with industry regulations. Specialized knowledge can make a significant difference in managing your practice’s finances. Elevate your practice's financial management today. Explore how our tailored bookkeeping solutions at Tylam Bookkeeping Systems can support your small medical practice. https://lnkd.in/g5iDrcjY Boost Your Financial Health with These Additional Tips: Engage with Our Community: Share your experiences or ask questions in the comments below. We love hearing from fellow healthcare professionals! Stay Updated: Follow us for more insights on healthcare finance and bookkeeping strategies. Join the conversation and stay informed on best practices for managing your medical practice’s finances! #HealthcareFinance #MedicalPracticeManagement #SmallMedicalPractices #FinancialHealth #HealthcareBookkeeping #QuickBooksOnline #PracticeFinancials #MedicalBilling #CashFlowManagement #MedicalAccounting #HealthcareProfessional #PracticeGrowth

With VRC, our solutions transformed Wachusett Healthcare’s operations, ensuring streamlined workflows and improved productivity. Here’s how we did it: 📝 The Challenge: Dealing with an aged and unorganized accounts payable process, activity disruptions due to COVID, and lack of efficiency when creating reports for third parties, Wachusett Healthcare needed to automate their AP process. 💡 The Solution: VRC was able to digitize their invoice process. Our team scanned and converted invoices into indexed documents, implementing an enterprise content management system for easy access from anywhere. Using OCR technology, VRC’s VitalScan team transferred mailed invoices into a new accounts payable system, streamlining their workflow. For more details, read the full case study at https://lnkd.in/e9qHDFBt

Essential Bookkeeping Metrics Every Medical Practitioner Should Track Bookkeeping is not just about balancing books; it’s a tool for financial and operational insight. For individual medical practitioners, tracking the right metrics can uncover opportunities for growth and efficiency. Key metrics include: - Patient Revenue per Hour: This measures how much income your practice generates per hour spent with patients. Calculate it by dividing your total patient revenue by the total hours worked. This metric reveals your productivity and whether your pricing reflects the value of your services. - Accounts Receivable Turnover: This tracks how quickly you collect payments from patients and insurance companies. A low turnover rate indicates inefficiencies in billing or collections, leading to cash flow problems. Implementing automated reminders for unpaid bills can improve this metric. - Profit Margins: Understanding your gross and net profit margins is vital. A healthy profit margin means you’re managing costs effectively and charging appropriately for services. If margins are low, it may be time to reassess your fee structure or reduce overhead costs. Tracking these metrics over time helps identify trends, measure progress, and make informed decisions for a thriving practice. Take the first step toward optimizing your practice's financial health by scheduling a free evaluation of your books. Let experts analyze your current metrics and provide actionable insights to enhance your financial performance. https://lnkd.in/dfCvfPYS

If you haven't already, you might want to check out this class… Advanced Invoicing: Special & Complex Invoicing Scenarios (2525) https://lnkd.in/g7j-yNwx What you’ll learn from this class: ADVANCED INVOICING: SPECIAL & COMPLEX INVOICING SCENARIOS 1. Info that you need to know about each job before you Invoice 2. Content and layout options a. Single-line Items b. Multi-line Items c. Headers d. Subtotals e. Discounts f. Using Groups g. Adding Time and Costs h. ‘Billable’ status levels i. Positioning Time/Costs on the Invoice j. Placing time and costs from several jobs on one Invoice 3. Should you create an Invoice from an Estimate or Sales Order? a. When it’s a good idea b. How to do it #buildyournumbers #infoplusaccounting #InfoPlus #onlinetraining #quickbookstraining #QuickBooksMagic #advancedinvoicing #constuctionaccounting #jobcosting

🌟 Struggling with Invoicing? You’re Not Alone! 🌟 Invoicing sucks. Most MSPs hate it. But no matter how much we avoid it, whine about it, and complain about it, we all know we must do it. At least if we want to keep eating... We hear stories all the time from MSPs who are too busy working tickets to invoice, or just put it off because it’s such a pain. (No, you shouldn’t invoice a client for work you did 6 months ago.) Larger MSPs aren’t immune – a lot of the “help us” calls I get are about owners and office staff spending 3 weeks of their lives to get all the bills out and everything processed. They’re drowning and have no time to live their lives on the weekends... Well, there is a solution and that is exactly what we are covering this week... 📌 Read my latest blog post where I dive into these common challenges and offer solutions to make invoicing less of a headache. Let’s streamline your invoice process together! #MSP #Invoicing #BusinessGrowth #Efficiency #TimeManagement