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Monitor all cash flow carefully.

Monitor all cash flow carefully. Effective financial management depends on knowing exactly where the endo practice’s money comes from and where it goes. Track all collections, purchases and expenses. Record how much the practice spends in each budget category every month, noting whether you’re on target. If not, figure out why and make the necessary corrections.

Additional Resource: Read an excerpt from Dr. Levin’s book, “Practice Finance,” by clicking here.

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