Alert icon See the latest helpful tools and resources available from BSM Consulting to help you navigate the current business climate.

Financial Management

Financial management is key to making better business decisions.

Let’s Get Started Contact BSM 

Increase profitability and efficiency in your business.

Managing the financial aspects for ophthalmology, aesthetic, dermatology & plastic surgery practices, and ambulatory surgery centers (ASCs) is a critical, yet daunting task. When you engage with BSM Consulting, you are partnering with a thoughtful, seasoned consulting team that is well-versed in all areas of practice financial management.

Our goal is to help clients determine tangible solutions to grow top-line revenue, improve operating efficiency, maximize value, and increase profitability. From analyzing your numbers and understanding your historical results to making recommendations to enhance operating results, BSM has the vast experience required to help you manage your finances. 

Whether you are a business owner looking to design a succession plan or are considering how to differentiate your business in a competitive market, we can help. 

service or feature icon
Transaction Support Services

Accurate assessment of a practice's value to help you navigate business transactions such as practice acquisitions or sales, co-ownership arrangements, and employment agreements is critical to making sound decisions.

DISCOVER
service or feature icon
FEasibility Analysis Tools

We'll guide you through the process using a proven set of feasibility analysis tools to help make complex decision-making easier, including purchasing new equipment, adding a new subspecialty, opening a new location, and developing an ASC.

service or feature icon
Practice Budgeting & FOrecasting

A practice budget or operating forecast are vital business tools because they allow practices to navigate through uncharted waters by analyzing potential business threats and opportunities in advance. Our team is here to help and can assist in creating a budget from scratch or analyzing previously developed budgets.

service or feature icon
Customized FInancial REporting Templates

Business moves fast and it's important to analyze key performance indicators that signal movement so you can stay ahead of the curve. Our team can help you create a series of customized dashboard reports and scorecards so you don't get left behind.

service or feature icon
BENCHmarking

Our team will run a comprehensive financial analysis to evaluate overall competitiveness, efficiency, and productivity – then compare your business operations and performance standards to that of others in the same industry. This analysis will include tangible and customized recommendations to support business growth.

DISCOVER
service or feature icon
SPECIALIZED Financial SOLUTIONS FOR ASCs

Our Progressive Surgical Solutions division offers a specialized suite of  financial solutions for ambulatory surgery centers, including feasibility analyses, valuations, and management reporting. Read more on our unique approach to ASCs.

DISCOVER

"BSM has made a significant difference to our practice by helping us fine-tune our business plan to achieve our goals."

play icon

Trish Daniels, Administrator

Riverside Eye Center

Associated Membership Programs

We take pride in making it easy for our clients to access a wide variety of financial tools and resources where and when they need them. Our various membership programs offer convenient access 24/7.

An in-depth online membership program providing 24/7 access to proven practice management tools, resources, and distance learning courses. BSM Connection provides you with the essential knowledge in the areas most important to business management. Included in the offering is a vast library of financial tools and resources, including: 

  • Course IconStaff Education & Training
  • Course IconPractice Budget Tools
  • Course IconBenchmarking Reports
  • Course IconDepartment Dashboard Reports
  • Course IconFinancial Management Reporting Tools
  • Course IconFeasibility Analyzer Tools
  • Course IconPayer Contract Analyzer Tools
  • Course IconBusiness Office Tools
  • no IconVIEW MORE

Accessible 24/7 and backed by real people to help you, eSupport is the leading online resource to help ASC nurses and administrators remain current, efficient, and compliant.

  • Course IconCompliance tools and resources
  • Course IconCommunity of experts & peers
  • Course Iconmonthly educational webinars
  • Course Iconannual training made simple
  • no IconVIEW MORE

Schedule an initial complimentary consultation.

Sometimes it's helpful to talk things through. A complimentary consultation with a member of our financial services team provides an opportunity to discuss specific needs and mutually identify the ideal level of support. Since every engagement is unique, an initial consultation can help build a scope of work tailored to practice needs.

Related Blogs

Forecasting for Financial Recovery

Forecasting for Financial Recovery

Read Post
Creating a Meaningful Budget to Direct Your Practice

Creating a Meaningful Budget to Direct Your Practice

Read Post
Assessing New Business Opportunities

Assessing New Business Opportunities

Read Post
Understanding Your Practice Balance Sheet

Understanding Your Practice Balance Sheet

Read Post
Accept Deny