Practice Managers

As financial specialists, we at RDA are in a position to conduct an in-depth analysis of the performance of your practice and provide you with practical advice on how to improve profitability and business efficiency. We refer to industry benchmarks and best practices to empower practice managers with multiple ways in which they can earn more and also enhance the way they work so as to achieve an appropriate life-work balance.

Practice benchmarking
Assess profit potential and identify areas with scope for improvement by comparing the performance of your practice with relevant factors such as

• GMS National income trends.
• Practices of similar size and income streams.
• Practices operating in the region.

Practice management

• Prepare monthly/quarterly accounts and charts to regularly review practice cash flow and cost control.
• Solutions to implement internal practice controls, computerised systems and training to effectively manage income and expenditure.
• Streamline payroll operations according to revenue guidelines to ensure up to date and timely procedures.
• Practical advice on merging medical practices.
• Forensic accounting services.

Practice evaluation

• Conduct business feasibility studies for potential buyers of medical practices.
• Evaluate the practice from a financial viewpoint for legal proceedings in the event of a merger, separation or divorce.