BC Advantage - 2006 Issue 9

PROFITABILITY LEAKS: Three Suggestions for Putting in the Plug

As the late Senator Everett Dirksen once said, "A billion here, a billion there, pretty soon you're talking real money." Change the word billion to a hundred and the premise applies to our business and personal lives. In today's environment the majority of medical practices and the businesses that support them are facing declining revenues and rising expenses. If we don't tighten up our business practices, we may all be looking for new career opportunities.An important concept relating to profitability is that when we reduce our expenditures by a dollar, that dollar goes right to the bottom...

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