Eliminate unnecessary expenses. Almost all businesses, including surgical practices, end up with operating costs that may have made sense in the past but don’t make sense any more. Go through the books line by line, identifying each expense item and judging whether it’s still benefitting the practice or patients. You’ll probably be surprised at the waste you’re able to eliminate.
Training Tuesday: Watch Dr. Levin’s video, “Total Overhead Control – Why Is My Overhead Too High?,” by clicking here.