As part of any practice, there’s a price for any and everything. Today, we are going to talk about how to save money in your medical practice.
It could be patient financing or credit card processing fees. It could also be something simple like office supplies, biohazardous medical waste, medical equipment or table paper. You’d be surprised the amount of items you can save money on!
So, what do you do? How DO you save money in your medical practice? How DO you save money in your medical spa? How DO you save money in your surgery center?
You cut cost where it counts. Everything from asking your vendors for discounts for early payment to joining a group purchasing organization may seem small, but they all add up.
Click here to read more from Jay Shorr, founder and managing partner of Shorr Solutions article in The Journal of Medical Practice Management as he shares his expertise in his article “Overhead and Operations: Cutting Where It Counts.”
In addition, click here to check out Jay Shorr’s article in Plastic Surgery Practice magazine as he shares to avoid these situations in his piece, “CYA for CNA: Read This Article Before Processing Any More Not Present Transactions.” Credit cards are a typical method of payment in this industry. However, you don’t want to get burned by not ensuring those swiping the card is an authorized user. We just talked about cutting costs, didn’t we?! For more information, click here to find out about how to lower your credit card processing rates.