Get the best price on anything the practice buys. There may have been a time when you didn’t have to worry about controlling expenses, but those days are gone for most practices. Get in the habit of shopping for lower-cost options. Periodically check with different vendors to see if you can get the supplies you need for less. Before committing to a major expenditure, get competitive bids from different sources.

Sharpen your financial management skills. In Practice Finance, Dr. Levin explains how you can improve every aspect of your practice’s financial health. To see how this book can help you increase profitability and income, go here and click the “Read an Excerpt” button.