Physician Office / Medical Laboratory
Physician Office Budgets (Keeping Costs Efficient)
Posted by Tom Ricketts on
One of the most crucial elements to running a successful business is also one given the least amount of thought: budgeting. The following guide will help you and your office operate on an efficient and balanced budget! Step One: Revenue Divide revenue into categories by function. Separate costs and incomes into sections based on services your office offers i.e. x-rays, physical therapy, lab testing, etc. After splitting up the main categories of your budget, it’s helpful to further compartmentalize your services as this will clarify spending habits and ease the process of decision making regarding specific areas of your practice....