Systematic recording of financial transactions.

  Daily recording of transactions

Record of all accounts  

  Initial transaction record  

Summary of ledger balances  

List of all accounts  

  Resources owned

Obligations owed  

  Owner’s interest

Income earned  

Costs incurred  

  Revenue minus expenses

Excess of expenses over revenue

Recognizing income when earned  

Recognizing income when received  

  Asset value reduction

  Cost allocation of intangible assets

Expected future expense  

Removing uncollectible amounts    

Corrections in accounts    

  Shows income and expenses

  Shows financial position  

Tracks cash movement  

Revenue minus direct cost  

Final profit after all expenses   

Earnings before interest, tax, depreciation   

Profit from core operations   

Direct costs   

  Indirect costs

  Profit percentage

No profit, no loss level   

  Budget vs actual  

Financial planning   

Predicting future performance  

Current assets minus liabilities   

Ability to meet obligations   

Long-term financial stability   

Long-term investment     

Day-to-day expense    

Performance indicators    

Frequency of billing   

  Payment request    

  Money to be received

  Cash received   

Bills to insurers    

Insurance intermediary    

  Patient share   

Amount paid before insurance    

  Rejected claims percentage

Billing process    

Recording billable services   

Medical billing codes   

Sending insurance claims    

Outstanding receivables   

Uncollectible receivables  

Adjustments for non-collection     

Efficiency of collections     

Total billed amount      

  Reduced charges

Returned payments      

Stock of medicines/materials    

  Unique item code    

  Manufacturing identifier

  Validity of medicines    

Inventory movement speed    

Minimum stock level     

  Ending inventory   

Beginning inventory   

  Value of inventory

First In First Out

Last In First Out  

Corrections  

Loss due to theft/damage     

Usage tracking     

  Non-moving items

Frequently sold items      

Physical verification    

Days to sell stock      

Order to supplier       

Receipt confirmation       

Cost per service/procedure     

  Department/unit cost tracking    

Revenue-generating unit    

Traceable costs   

Overheads     

Constant costs      

Change with activity   

Revenue minus variable cost      

  Assigning costs

Cost based on activities     

  Cost per service

Profitability analysis   

Managing expenses   

Lowering costs     

Unproductive time  

Distributing indirect costs      

Staff cost analysis      

Profit per service       

Profit per unit       

Minimum viability point      

Management reports      

  Performance metric    

Visual summary

  Revenue per doctor   

Number of patients      

  Revenue divided by number of patients

Percentage increase in revenue over time  

Expense vs revenue       

Resource usage  

Service speed      

Bed utilization     

Visits to treatments

Source of revenue    

Budget vs actual    

Measure of how effectively resources are used  

Profit from operations as a percentage of revenue    

Net profit as a percentage of revenue    

  Time taken to convert investments into cash flows

  Percentage of receivables successfully collected

Comparing clinic performance with industry standards

Goods & Services Tax      

  Value Added Tax     

Tax on profits       

  Tax Deducted at Source    

Tax deducted at source on payments (e.g., salaries, contractor payments)       

Detailed examination of financial records for tax compliance   

Regulatory adherence   

US healthcare privacy law        

  Indian accreditation   

International standards        

Accounting standards   

Submission of financial information to tax authorities  

Tax paid on purchases that can be offset against output tax    

  Tax collected on sales/services

Total tax payable by the clinic  

Tax paid in installments during the year  

  Future tax obligations due to timing differences

  Examination of financial records by tax authorities

Chronological record of all financial transactions  

Systems to prevent errors and fraud  

Adherence to healthcare and financial laws  

Mandatory reporting to government authorities  

System connectivity         

System communication     

Reduced manual work      

  Instant access to updated financial data

  financial data from one system to another

Restricting system access based on roles       

data against loss or failure  

Protection of financial data from threats      

  Managing finances across branches

  Combining multiple entity reports

Tailoring software to clinic needs    

  Automating repetitive financial processes

  Visual financial summaries  

  System-generated records of user activity

  Using data for insights    

Advanced reporting & analysis tools  

  Connecting EMR, billing, and accounting    

Tools reducing manual accounting work  

Outpatient income      

  Inpatient income       

Collection period        

Measure of patient complexity and resource usage   

Cost associated with patient treatment       

Cost per medical procedure      

Percentage of insured vs self-pay patients   

Patients paying without insurance        

Rejected insurance claims  

Loss of income due to inefficiencies        

  Timeline from service to payment

Bundled pricing for treatments  

  Income from lab and imaging

Profit from medicine sales  

Profit from diagnostic services  

  Pricing model for doctor consultations

Revenue from inpatient stay  

  Fees for surgeries/treatments

Income generated per bed    

Average inpatient duration  

Long-term financial strategy      

Aligning budget with growth goals   

Mix of debt and equity financing      

Profit relative to investment       

Efficiency of asset utilization    

Profit generated on owner’s capital     

Estimating clinic’s market value

Combining or acquiring businesses         

Expanding clinic operations  

Reducing expenses without affecting quality   

Increasing profitability   

Evaluating different financial outcomes    

Impact of variable changes on results   

Forecasting financial performance   

  Identifying and mitigating financial risks

Expanding services or revenue streams   

Long-term operational stability  

Opening new branches/services     

Allocating funds for growth  

  Plan for selling or transferring ownership