Key financial indicators and ratios: How to use them for success in your practice

Abstract

Accounting and finance are not typically a core educational offering in medical education. However, for physician leaders and leaders-in-grooming, it is prudent to be familiar with key financial indicators and ratios. The purpose of this review article is to provide fundamental information for emerging radiology physician leaders by describing important financial indicators and ratios, how they are defined and calculated, and, most importantly, how they can be interpreted and utilized for improving practice performance. SUMMARY SENTENCE: Understanding and implementing key financial ratios and indicators is important to maintain and improve financial performance in radiology practices.

Keywords: Finance; Income; Indicators; Metrics.