Tag
#Clinical Coding
4 articles
Financial Analytics
The Three Faces of Phantom EBITDA
Phantom EBITDA has three faces: accounting, operational, clinical. Each is found by a different reader on the buyer's side and prices differently. One $10M practice, all three.
Financial Analytics
Toxic Top-Line: The Revenue That Counts Until Someone Checks
A $12M practice with clean books carried $227K of production a buyer's analyst refused to price. Real revenue, collected and booked — but not defensible. One code ratio exposed $650K of enterprise value, and the fix was paperwork.
Financial Analytics
The Silent Margin Collapse: Clinical Judgment as Enterprise Value Destruction
A single D4910-to-D1110 downgrade costs $70. Repeated daily across 3 locations, it erases $504,000 in enterprise value at a 6x multiple.
Financial Analytics
EBITDA Laundering: The Clinical Blind Spot in Dental M&A
The EBITDA Laundering blind spot in dental M&A: how compliant-looking revenue masks clinical fraud that survives standard due diligence.