Shoring Up Overhead Costs While Driving Revenue

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Knowing where to look and reviewing your overhead costs and operating profit weekly/monthly is an important discipline to master. As physicians, your natural focus is on delivery of quality clinical care. Since the business side of the practice does not come quite as easily to most physicians, making time each month to review your monthly profit and loss statement with your administrative, patient care and accounting/billing managers is a must. This guide looks at these top 3 cost drivers in medical practices:

  1. Support staff salaries and benefits
  2. Building and occupancy
  3. Supplies and lab services fees

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