How is your practice doing in this economy?
Use the NCVEI Economy Tracker to find out how you're doing compared to the rest of the country.
Click here to get started.
Riding out the recession
Almost every practice has a layer of fat in it that may not matter too much in good
times:
- Doctors who aren’t as productive as they should be
- Support staff who really should have been let go years ago
- Inventory costs that are a little out of control.
But since the practice is making money, owners live with it.
This doesn’t work in poor economic times. Declining revenue and profitability will
force you to deal with these issues.
Use the Exam Room benchmarking tools to see how your practice is doing and where
you need to focus your efforts. Be sure and review the Recommended Treatment sections
for suggestions for change. The communications module will also help you improve
your efforts in conveying the value of what you do to your clients.