Financial Management

Financial management is key to making better business decisions.

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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.

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.

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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.

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.

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.

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.

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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.

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

Trish Daniels, Administrator

Riverside Eye Center

Hear straight from our experts

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.

BSM Connection for Ophthalmology

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:

eSupport for ASCs

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.