As your revenue stagnates and overheads continue to rise, there is a loss of profitability which has turned up the spotlight on medical practice operations. Every practice must strive for maximum efficiency. The entire practice should be assessed and evaluated from all different angles such as receivables, cash flow, overheads, production growth, and other expenses. Just one particular measure is the overall expenses versus income. Numbers don't lie. They tell you a lot about the practice - how well it's operating, how good its people are, how well it's being managed, and how good its processes are.
Use our simple calculator to get a general idea of your expense score.
A = You're a Ninja!
B = Really Good. Some Room to improve, perhaps?
C = Not bad. You should explore ways to save.
D = Lot of Room to improve
Fail = Opportunity Knocks!