Decrease practice overhead. Reducing overhead by a few percentage points can make a huge difference in practice profitability. For example, a pedo office grossing $800,000 in revenue with an overhead of 66% is spending $528,000. The same practice with only 60% overhead incurs $480,000 in expenses. This 6% difference in overhead adds up to $48,000 in additional profit. Even a 3% reduction is a savings of $24,000 per year. Overhead is necessary for running a practice, but lowering expenses can ensure the practice’s financial health.

Training Tuesday: Watch Dr. Levin’s video, “Total Overhead Control – Why Is My Overhead Too High?,” by clicking here.