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Do you want to know where to place your time and energy? How are you actually supporting your financial business goals?
Are any of the following events familiar to you:
- Have you experienced financial surprises and do they happen far too often?
- Have you been under constant pressure by cash flow ups and downs?
- Have you been wondering if you're making good use of your staff and facility?
- Have you wondered where to make adjustments or start new initiatives that will help grow your practice?
- Have you ever had a business valuation completed on your practice before?
Conducting a financial assessment is like having a "physical examination" on the business side of your practice.
Have your business analyzed with the same methods and information banks use. You can have us illustrate how changes in management strategy can improve your financial situation. Any practice owner or manager who wants efficiencies, better growth or more profit should begin with a financial assessment to help drive the practice forward on a sound financial foundation and improved profitability.
The opportunity for more profit typically pays for the review process, in most cases, many times over. Business owners need a continuing mechanism for checking their progress and Solaris can provide it for you. We help you with better business decision making and following the completion of the financial assessment, you can elect to establish our Budgeting and Monthly Performance Review Services.
Work with Solaris to understand your goals and establish your KPIs (key performance indicators) and receive monthly reporting outlining your practice's performance. We can help you set action plans and implement tactics to achieve your goals.
Budgeting
A well-thought-out budget is critical to the success of your practice. We create a realistic monthly budget to guide your practice. Setting up a financial budget dashboard to observe monthly milestones will help you judge your performance and make quick corrections when necessary.
Performance Review
During this monthly consultation we compare your monthly revenue and the expense performance to your budget, and to the benchmarks established by you. This will help you understand every month where your practice stands financially. The discipline imposed by this monthly review keeps you focused on the bottom line and of course, the financial success of your practice. This program generally runs for 6 months but many clients utilize our services over several months and semi annual reviews. We eventually set-up the reporting to handled by an internal staff member or Practice Manager.
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Analyze your business from several perspectives and make sound decisions.
Get the support that makes the difference.
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