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Two ways to increase profits...

mdcteamhuddle1.jpg"While there are two simple ways to increase profit--increase revenue or decrease expenses--there are millions of ways to complicate it..."

In practice: Focus on the areas in your practice which have the most dramatic influence upon collection or expenses first. Remember, any areas where you can improve expenses converts 100% to reaching your bottom line profit. Collections, still have a "cost to deliver," thus a $20K reduction in expenses is far more valuable than a $20K increase in collections.

So, focus on improving your expenses!
Your host, John Buzza

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This page contains a single entry from the blog posted on March 23, 2009 4:00 AM.

The previous post in this blog was Take the MIS out of Misunderstanding: Cancer Screening--Brush Test-Biopsy with MyDentalChannel Guest Expert Dr. Jonathan Bregman.

The next post in this blog is Integrated Performance--How to Pursue Excellence with MyDentalChannel Guest Expert Dr. Dave Striegel.

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