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A Penny Saved Is Ten Dollars Earned: Fifteen Ways to Lower Overhead and Boost the Bottom Line

A Penny Saved Is Ten Dollars Earned: Fifteen Ways to Lower Overhead and Boost the Bottom Line


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Kim Pollock, RN, MBA, CPC
 
As expenses rise and reimbursements remain flat or decline, it’s more important than ever to scrutinize practice expenditures on a regular basis. This article provides tips for evaluating individual line items on the profit and loss statement and identifying expenses that can be reduced without sacrificing quality of care or patient satisfaction. When aggregated, even seemingly small reductions add up to big annual savings.