decisionhealth Newsletters, Part B News - 2013 Issue 11 (November)
7 ways to lower costs by cutting operational waste
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Article Overview
This article discusses practical ways medical practices can lower expenses by reducing operational waste and improving day-to-day efficiency. It is aimed at practice managers, administrators, and revenue cycle leaders who want to understand broad areas for cost control such as staffing workflows, communications, inventory, billing-related processes, and automation. The piece highlights general management guidance and references industry benchmarking and practice operations topics rather than detailed coding policy.
Why This Topic Matters
The article is relevant to practices looking for non-clinical ways to manage rising costs without immediately cutting staff or sacrificing operational performance. It helps readers identify common administrative inefficiencies that can affect overhead, productivity, and collections.
Article Sections
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Practice management cost-saving ideas
Introduces the article’s focus on finding hidden areas of waste before making major staffing or scheduling changes. Sets the stage for a series of operational efficiency topics relevant to medical practices.
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Seven places to start
Presents the main set of practice operations topics covered in the article. The section covers staffing workflow, communications, records handling, inventory, payment processing, expense review, process redesign, and automation.
What You Will Learn
- How medical practices can identify operational waste that contributes to higher overhead.
- Why productivity, scheduling, and workflow review can matter before making staffing cuts.
- How communications, printing, faxing, and inventory practices can affect office expenses.
- Why reviewing vendor fees, insurance costs, and process changes can support cost control.
- How automation and process redesign can reduce repetitive administrative work.
Who Should Read This
- Medical practice managers
- Office administrators
- Revenue cycle managers
- Physician owners
- Healthcare operations staff
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