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If your practice is like many today, rising overhead costs combine with falling revenues to erode your bottom line. It may be time for TMA Practice Consulting to take a hard look at your practice's efficiency, expenses, and cost structure.
Overhead analysis is a key component of an operations assessment. Is your cost of overhead as a percentage of collections going up or down? How does it compare with national norms? As part of their assessment, TMA consultants evaluate these areas, comparing expenses over time and against standard benchmarks. They examine individual cost categories and look for ways to streamline your operations.
The biggest expense category in most medical practices is nonphysician payroll and staffing. Is your staffing level right for your office? An understaffed office can lose money through inefficiency, while an overstaffed office sometimes lacks productivity.
TMA consultants will spend one to two days evaluating your practice operations through personal interviews and financial analyses. After they compile their findings, they will recommend ways to improve your operations.
Call TMA Practice Consulting at (800) 523-8776 or e-mail TMA Practice Consulting.
Action, April 15, 2009
Last Published: 4/15/2009 Print this page
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