BC Advantage - 2008 Issue 9

From Black to Red: Where Have All My Profits Gone?

Unfortunately one of my predictions is starting to come true: the profitability of mediocre billing companies is eroding at a rapid pace and if steps are not taken to improve the overall fiscal health of these firms, they are in danger of going out of business.What has changed in 2008 that is causing marginal companies to experience a bumpier road than in the past? No one factor is to blame-a combination of events has slowly worked its way into the billing industry over the past decade. Expenses continue to rise and based on your clients payer mix...

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