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At its core, the AHCA application process prioritizes patient safety and quality of care. A central pillar of this is financial responsibility. AHCA requires applicants to prove that their facilities are financially sound and can handle the demands of day-to-day operations without putting patients or staff at risk.

Understanding AHCA Calculation Requirements

For any business, maintaining accurate financial records is not just good practice; it's essential for survival and growth. One of the most critical routines in financial management is the monthly account reconciliation. This process ensures that the money leaving, entering, or held in your accounts matches what you have recorded in your books.

Your business's financial system is the engine that drives decisions, tracks performance, and ensures long-term health. At the very heart of this system lies a critical, yet often overlooked, component: the Chart of Accounts (CofA). Think of it as the structural backbone of your finances, providing the organization and clarity needed for true financial success.  What is a Chart of Accounts?   To understand the purpose of a CofA, consider how a therapy practice uses an Electro

Cash vs. Accrual Accounting: Which Method is Right for Your Business?   Choosing an accounting method is one of the fundamental decisions you will make for your business. It determines how and when you record income and expenses, which directly impacts your financial statements and your understanding of your company’s performance. The two primary methods are cash-based and accrual-based accounting. While one offers simplicity, the other provides a more detailed financial pict

Learn how to use KPI data to set goals, respond to stagnation, and identify expansion opportunities. Let data guide your business to sustainable growth.

Learn to define and track the KPIs that truly matter, from visits and evaluations to the often-overlooked unit mix, to drive sustainable business growth.

For many outpatient therapy practice owners, the summer months often seem quieter. Clients go on vacations, schedules shift, and your...

In the field of outpatient therapy, the most successful patient outcomes result from thorough regular assessments. These consistent...

As we step into 2024 and beyond, medical practices face an increasingly complex financial environment. The healthcare sector continues to...

In the changing world of healthcare, effective bookkeeping is not just a back-office function; it is a key component that plays a vital...

By: David Light Many private practice owners often find themselves pondering why their competitors are growing so rapidly while they seem...

One of the most critical aspects of planning for your future is to ensure that medical matters regarding you will be carried out as you...

In the ever-evolving landscape of the healthcare industry, medical practices and healthcare organizations face a myriad of challenges,...

Physical therapy is a rapidly growing field that plays a vital role in helping individuals recover from injuries, surgeries, and chronic...