Many of today’s medical practice to experience lower sales, and even a certain level of financial distress. It’s just that the economy is to blame – after all, almost all other industries responsible for the recession, their fiscal vulnerability, so why not health? However, it is crucial to prevent the success of your practice, with the economy as a scapegoat, when in fact other factors play a much greater impact on your bottom line may be in decline.
The main cause of most medical practices “disappointing performance and cost control unmanaged. Inefficiencies practice can occur in all parts of the Office for consideration at the payroll, technology, and management practice, many are reluctant to make changes, especially when it comes to personnel.
Most managers’ practice can think of several glaring inefficiencies and potentially guilt simply read the word, “ineffective”. Make it easy on the first. After a comprehensive review of the disputed charges was made, it is time to act. But do not stop there. Was eliminated after inefficiencies are stark, a review of your practice, the costs associated functions and the return on investment (ROI) to require the other highlight areas requiring attention costs.
When it comes to eliminating inefficiencies, it is clear that some care easier, whether in a practical sense, an emotional feeling, or both. For example, it is much easier to clean, additional examination rooms, which were used for storage so the stocks can be eliminated and created the work area more usable for one or more employees of fire.
If expenditure verification shows that the elimination of staff must be made, try to think creatively. Many medical practices have some staff layoffs by reducing their work, rather than avoid them. This can be especially useful if you keep your office open at night and / or weekend, employees can work during that time to assess, in fact, a few hours a week.
If there is no way to avoid layoffs, bite the bullet and do it. If you remain objective during the exit interview and to protect employees freed by avoiding discussions about performance, even if poor work performance affects your decision.
In some cases, an audit found that the actual costs need to increase short-term to eliminate inefficiency. The most obvious example is an upgrade of the software you can make better use of working hours or to add services that will increase revenue allows. Of course, these expenses should be carefully examined, only you can not avoid anxiety about the future, the changes required.
Even if after reading this you still think the recession is responsible for the medical practice is less profitable, it is important to recognize that what we see in today’s society should not be considered as a temporary setback. The U.S. economy has undergone a fundamental change, and your practice must be prepared to self-verification and adjustments to changing circumstances must be taken to grow in the future.