Episode 9: Demystifying Financial Statements

Send us Fan MailSo, each month you attend your board meeting, or you meet with your bookkeeper and somewhere along the line, someone hands you a whole bunch of reports with numbers on them. In our second episode, we started to talk about those in reviewing the Language of Finance. In our third episode, we broke down the Profit & Loss Statement a bit more in reviewing how to create a Budget. Today, we’re going to delve a bit deeper into the financial reports you’re likely to see, and why they’re important. Sometimes the scariest thing about finances is not knowing where you are. Is your practice doing okay? Are you well compensated in relation to your peers? Are your practice expenses in line with the rest of the industry? All of these questions are easy to answer when you have good data.  Please Follow or Subscribe to get new episodes delivered to you as soon as they drop!Visit Jill’s company, Health e Practices’ website: https://healtheps.com/Subscribe to our newsletter, Health e Connections: http://21978609.hs-sites.com/newletter-subscriberWant more content? Find sample job descriptions, financial tools, templates and much more: www.MedicalMoneyMattersPodcast.comPurchase your copy of Jill’s book here: Physician Heal Thy Financial Self Join our Medical Money Matters Facebook Group here: https://www.facebook.com/groups/3834886643404507/ Original Musical Score by: Craig Addy at https://www.underthepiano.ca/ Visit Craig’s website to book your Once in a Lifetime music experience Podcast coaching and development by: Jennifer Furlong, CEO, Communication Twenty-Four Seven https://www.communicationtwentyfourseven.com/