This can be done by reviewing your billing, coding and marketing practices. Cutting back To uncover the less obvious expense-cutting targets in your practice, start by carefully reviewing your expense report. Find the five biggest items on the list, and track down exactly what makes up each expense. Each month move on to another five. If your practice is anything like ours, you'll find that every line on the report can yield at least a few hundred dollars a year in ongoing savings.
Every physician is different.
Some simply must have this instrument or that medication on hand, while others don't give a hoot but must have a certain color drape. If you've had physician turnover since the practice opened, you'll almost certainly find expenses that have continued in an attempt to meet the needs or wants of physicians who've already left the practice. Processes that made sense in the past may be nothing more than needless expenses now. When I went hunting for waste, pharmacy expenses jumped off the page. Processes that made sense in the past may be nothing more than needless expenses now.