With your practice management software, your CPA, and some third-party statistical services, it’s easy to assume your accounting procedures are accurate and your financial figures are relevant. However, there are nuances within your practice management software that must be analyzed from an accounting perspective to ensure accuracy in practice figures and patient accounting procedures, which will lead to more accurate management decisions for your practice. The goal is to establish policies, benchmarks, and comparisons so you can then determine how to improve upon or maximize cash flow and ultimately increase profitability.  *Financial Interest

1. Define components of the financial fitness that should be monitored on a monthly or quarterly basis.
2. Calculate ratios used to measure your practice’s financial success.
3. Explore potential for distortion of financial measurements.

Owner & President, JMShoemaker Consulting, Inc.
Jackie has been improving practice profitability and staff financial skills for more than 35 years as the owner of JMShoemaker Consulting, Inc. She utilizes her unique combination of a foundation in corporate accounting, experience as a financial coordinator, and orthodontic software knowledge to focus on patient & insurance delinquency reduction, financial arranging, and accurate orthodontic accounting. Jackie is also the founder of AccounTrac, Inc., a payment compliance company where she and her team encounter the first-hand effects of patient delinquency, financial arrangements, and treatment-related concerns while collecting accounts for practices on a daily basis for the past 25 years.

 .75 CEU Credit

The Pacific Coast Society of Orthodontists does not review or approve of, or necessarily agree with, the topics, speakers and presentations set forth in this program. As such, by virtue of your attendance at this program, you acknowledge that any and all actions taken by you based upon such topics, speakers and presentations are undertaken by you at your own risk, and you further agree to hold the Pacific Coast Society of Orthodontists harmless from any and all liability in relation to the same. The Pacific Coast Society of Orthodontists encourages you to make your own independent judgment as to the topics, speakers and presentations, and to rely on the advice of professionals as appropriate, in making decisions in relations thereto.