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Proposal is for a CPA or other individual with an accounting background to write an article geared towards urgent care owners on how to account for medical supply inventories in their centers. The nation's 8,700 urgent care centers are typically physician-owned and operated practices that offer non-scheduled, no appointment necessary care on a walk-in basis for conditions that require immediate medical attention but that are not medical emergencies. Physician-owners of urgent care centers typically lack formal training in business and finance so the article must explain-in plain English-how to improve the P&L and balance sheet through better inventory accounting.
Urgent Care Issues with Inventory:
Many urgent care centers have an off-balance sheet asset of $50,000-$100K sitting in their centers in the form of inventory. They expense inventory as they buy it, do not take ongoing physical inventories, and as a result overstate their inventory expense and understate their inv...
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