4 Tips to Cut Clinic Costs and Keep Cash Flow Fluid

Dentist buying by the bulk online for his dental equipmentCompetition is tough in any industry, including the medical community. As a physician, you should be able to lower overhead costs while still providing your patients with good service.

Buying by the Bulk

When it comes to disposable and often used items, you’d want to purchase in bulk to keep the cost as low as possible. If you can get it for lower than the wholesale price, then that would be much better. Syringes, disposable speculum with light, and gloves are only some of the most common items you can buy at wholesale price. The goal is to hit that balance wherein you buy bulk at reasonable prices that are quickly consumed in the clinic.

Share Office Space

Another good idea is to share out your office space with other practitioners. A psychologist, a dentist, or a specialist would be perfect since they don’t pose competition in your practice. You’ll find that sharing the cost of the rent is only the start. You can also share the cost of utility bills and the cost of hospital equipment.

DIY Schedule for Patients

Get rid of unnecessary staff work by allowing your patients to schedule their own appointments. Today, it costs as little as $25 to use an application that allows patients to place their own schedules, provide reminders, and handle all the time-consuming aspect of coordinating with patients.

Co-pays and Deductibles

Another good technique to keep your cash flow fluid is by collecting co-pays and deductibles even before you meet with a patient. Use your computer to gain access to insurance companies and simply make notations when the patient actually comes in for service. This way, payment is processed at the time of appointment, guaranteeing that you have the consistent cash flow for supplies and salary.

Of course, those are only some techniques you can try in order to lower the cost of clinic operations. Try to keep up with what’s new in the medical community so you can be the first in line when it comes to operation-saving methods.