Pay attention to overhead. Overhead is necessary for running a practice, but unnecessary expenses can hurt your financial health. To operate successfully, the practice must effectively manage expenditures. Eliminating wasteful spending should be important to every member of the team. You and your staff should seek to control overhead by reducing unnecessary fixed costs, improving efficiency and increasing production.
Management Monday: Watch Dr. Levin’s video, “Total Overhead Control – Why Is My Overhead Too High?,” by clicking here.