We have written other articles in the past about decreased revenue and increased expenses. It’s an issue every medical practice must understand and take steps to reverse the trends. Increasing your revenue could be as easy as getting rid of some bad employee habits or increasing your social media presence.
Online and offline data security continues to challenge large and small businesses, costing companies money — real money. Unlike consumers, businesses do not enjoy the same protection when they experience fraud on their commercial bank accounts. It’s critical that businesses know their liability and responsibility when dealing with cyber fraud.
With the ever-increasing number of rules and regulations that doctors face from several different governing authorities, many doctors just leaving medical school are opting to work for others as employees. However, there are those spirited entrepreneurs who want to run their own medical practice.
Answers to questions about why you would want to change your medical practice’s bottom line should be obvious: To increase revenue and decrease expenses. However, this can be easier said than done. This article addresses a few examples regarding increasing revenue and decreasing expenses.