First few Article Sentences
Many physician groups overlook or simply donít understand the importance of their balance sheets, when in fact theyíre one of the most important accounting financial statements. A balance sheet provides a basic overview of an organizationís financial health and a snapshot of its stability, and it can help guide future decisions.
Itís essential that physicians understand how to best track and assess balance sheets to determine how efficiently their groups are using capital and managing risks. The stronger the balance sheet, the greater the likelihood an organization will be able to capitalize on future opportunities, grow sensibly, and weather unforeseen challenges.