The Business of Medicine: CTOA Financial Services Support Profitability
The financial services department of Central Texas OBGYN Associates ensures that the financial status of your organization is solvent and strong. In today’s complex healthcare marketplace, you need a partner that can anticipate changes, and protect your investment. You want accountability, and ready access to reporting documents that portray a clear and true picture of operations. CTOA provides prudent and practical solutions that help keep your practice moving steadily forward.
From monthly cost accounting to productivity metrics and benchmarking, we work tirelessly on your behalf to increase profitability. The CTOA financial services representatives are experienced, detail-oriented and highly trained to manage daily tasks and long-term forecasting.
Ongoing Assessments Gauge Your Financial Health
Getting bogged down in day-to-day accounting and bookkeeping can prevent a care center from big-picture forecasting. We add value to your team by providing custom analysis and long-term financial strategies for success. Centralized reporting and the very latest in software suites allow for comprehensive and meaningful data tracking.
In addition to scrutinizing your financial health, you likely want to know how your OBGYN practice stacks up against similar clinics in the Austin and Round Rock community and across the U.S. CTOA provides you ready access to benchmarking tools that measure your financial performance, as well as side-by-side comparisons with peer organizations.
Clinical Supply Inventory Calculation and Reconciliation
No detail escapes the fastidious CTOA financial services department. We are always searching for opportunities to streamline costs and increase the effectiveness of your OBGYN clinic. Enlisting a partner to evaluate clinical supply inventory, both fixed assets and disposable supplies, can make a significant impact on your practice’s cash flow and profitability. We specialize in inventory intelligence, and processes that enable your clinical care team to focus on providing excellent care, rather than tracking down medical supplies.
CTOA Financial Services Extend to Your OBGYN Clinic’s Employees
As part of our commitment to recruit, retain and support employees, CTOA offers financial services for your OBGYN team. Your physicians will find it helpful to have access to professional income tax preparation that is geared specifically toward medical doctors. Whether it is a one-time consultation for tax preparation or ongoing assistance with personal financial goals and accounting services, CTOA is pleased to support your OBGYN staff.
Attending to your patients and furthering the field of obstetrics and gynecology takes full attention and commitment. CTOA specializes in shouldering the burden of practice management. If you are considering partnering with CTOA and would like to learn more about our capabilities related to accounting and financial services for the OBGYN practice, contact us here.