Cash Management


As the new administrator of the Miami Medical Group, I am tasked with the promulgation of a new cash management system for the Group.  There are two main principles underpinning the new group.  First, there is a group of older doctors that prefer a cash payout (dividend) at the end of each year.  There is also a group of newer doctors that wants a more conservative approach to financial management: They prefer to have more money left in the bank rather than a full payout at the end of each fiscal year.