cash flow management

Why is Cash Flow Management Important?

Proper cash flow management is crucial for several reasons:
Operational Stability: Ensures the practice can cover daily operational expenses such as salaries, rent, and medical supplies.
Financial Planning: Helps in making informed decisions about investments, expansions, and other capital expenditures.
Patient Care: Enables the practice to invest in advanced medical equipment and technologies that enhance patient care.
Compliance: Assists in meeting financial regulations and tax obligations.

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