Healthcare & Medical

Find the profit your healthcare practice business is leaking.

Practices rarely lose money on care itself. It goes out the door through denied claims, under-coded visits, no-shows and patient balances that never get collected. The diagnostic shows which of those is hitting your practice hardest.

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Built for medical, dental and specialty practices

The four leaks we see most in healthcare & medical

The healthcare practice diagnostic adds these industry questions to the core assessment, prices each one against your numbers, and ranks them by what they're worth to fix.

Cash Flow & Collections

Claim denials

We ask: What is your first-pass claim acceptance rate?

A first fix: Pull a denial report by payer and CARC code and fix the top 3 causes.

Pricing & Margin

Under-coding / missed charges

We ask: Are charges audited for missed or under-coded services?

A first fix: Audit 25 recent encounters for missed or under-coded charges.

Sales & Lead Flow

No-shows & schedule gaps

We ask: What is your patient no-show rate?

A first fix: Add automated reminders and a waitlist to fill cancellations.

Cash Flow & Collections

Patient balance collection

We ask: Are patient balances collected at time of service?

A first fix: Collect copays and estimated balances at check-in.

Finance + operations

Two sides of the same problem.

A practice can be busy every day and still struggle, because collections lag the work. Blue Water works on both sides: a fractional CFO who keeps your numbers honest, and an operations team that fixes what those numbers reveal.

Finance · Fractional CFO

What your CFO watches in healthcare practice

Collections and denialsWhat you collect against what you bill, and how long claims sit unpaid.
Provider productivityRevenue and cost per provider, so you know which schedules carry the practice.
Overhead and owner payStaffing, rent and supply costs against benchmarks, and a steady plan for owner distributions.

Operations · Friction & systems

What operations fixes

The four leaks above are where the numbers usually point. Once the monthly review shows which one is costing you most, we fix it at the source: a clear procedure your team follows, a cleaner workflow, and the software you already use connected so nothing gets re-keyed or lost.

Then we track the result in your next month's numbers, so you can see what the fix was worth.

How the two sides work together

The diagnostic scores both sides. You'll see your financial control and operations scores, and which to fix first.

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Plus the six areas every business is scored on

Every diagnostic scores the same six areas, so you can see where healthcare practice problems sit next to everyday ones.

Cash Flow & CollectionsHow fast you bill and collect, and how much cash is tied up waiting.
Pricing & MarginWhether your prices and job costs keep up with what the work really takes.
Labor & ProductivityOvertime, idle time and the hours that never turn into revenue.
Purchasing & SupplyWhat you buy, what you waste and what walks out the door.
Sales & Lead FlowHow many inquiries turn into paying work, and how many slip away.
Financial ControlWhether your books are current, reconciled and actually used to run the business.

The healthcare practice benchmarks we compare you to

If you leave a figure blank, the diagnostic estimates it from these typical values for healthcare & medical. Your results show which numbers came from you and which are estimates. In a paid audit, we replace every estimate with your real books.

Gross margin: 40%
Payroll share of revenue: 50%
Materials / supplies share: 10%
Days to get paid (target): 40

Planning assumptions used by our model, not guarantees. See the earnings disclaimer.

Free Friction Diagnostic

Start your healthcare practice diagnostic

Separate scores for financial control and operations
Your estimated annual profit leak, area by area
A recommended next step (finance, operations or both) based on your answers
A 30-day action plan you can start on today

Your answers go only to Blue Water. We never sell them.

Friction Diagnostic