| Financial planning and computer modeling in dental practice. | |
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MedLine Citation:
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PMID: 3465629 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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The financial plan describes the practice's financial strategy, projects the strategy's future effect on the practice, and establishes goals by which the practice's manager can measure subsequent performance. The act of putting together a financial plan is called the financial planning process. It is a process that consists of analyzing the practice; projecting future outcomes of decisions that have to be made regarding finances, investments, and day to day operations; deciding which alternatives to undertake; and measuring performance against goals that are established in the financial plan. Computer financial planning models can aid the practice manager in projecting future outcomes of various financial, investment, and operational decisions. These models can be created inexpensively by noncomputer programmers with the aid of computer software on the market today. The financial planning process for a hypothetical practice was summarized, and the financial model used to test out various alternatives available to the practice was described. |
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Authors:
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C A Feldman |
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Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: Dental clinics of North America Volume: 30 ISSN: 0011-8532 ISO Abbreviation: Dent. Clin. North Am. Publication Date: 1986 Oct |
Date Detail:
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Created Date: 1987-01-21 Completed Date: 1987-01-21 Revised Date: 2000-12-18 |
Medline Journal Info:
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Nlm Unique ID: 0217440 Medline TA: Dent Clin North Am Country: UNITED STATES |
Other Details:
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Languages: eng Pagination: 657-72 Citation Subset: D; IM |
Export Citation:
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APA/MLA Format Download EndNote Download BibTex |
| MeSH Terms | |
Descriptor/Qualifier:
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Computer Simulation* Financial Management* / economics, methods Patient Care Planning / economics* Practice Management, Dental / economics* |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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