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Financial Vitality

Practicing family medicine often requires more than clinical expertise. Depending on a practice type, it may also require considerable business acumen. The resources in this Web site section are designed to assist family physicians in analyzing and improving business practices, financial analysis and bottom lines. It is important to know, for example, which financial indicators are most important for evaluating the financial performance of a primary care medical practice and what kinds of reports best support revenue and expense tracking.

By providing the following materials, descriptions of best practices, checklists, forms and more, CAFP supports family physicians in their work to attain full financial vitality in their practices and their PCMH.

Revenue Cycle Management

A large component in building capacity in your practice revolves around understanding and analyzing your revenue cycle. The following tools will help you to produce formal financial statements and understand your financial vitality.

Coding and Billing Strategies

Ensure you and your staff know all the ins and outs of new, edited and deleted CPT codes for so you get paid fully and fairly for the care you provide.

Management and Human Resources

Your team plays a central role in your office. This section is dedicated to helping your team with care and administrative coordination.

Pay for Performance

Pay-for-performance (P4P) programs are incentive programs run by public and private payers to provide payments to physicians based on quality and performance.

Mini MBA Guide

The AAFP developed a free Mini MBA Guide for family physicians looking for business resources for either their own practice or in a particular area of practice management.