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Increase Your Practice Profits By Developing A 2019 Budget (Online-Only Article)

Are you happy with your practice’s current profitability? If you’re like most doctors, the answer is “no.” That means you need to spend more time working on your practice, rather than in your practice, to produce better results. 

Projecting 2019 Income

You should start by analyzing your practice’s production. Are you operating at full capacity, meaning being as busy as you want to be? If you’re lucky enough to join the 5% of doctors who are, you can afford to spend only a minimal amount of time and money (1% of collections) on marketing. Otherwise...

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The McGill Advisory is designed to provide accurate and authoritative information with regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If legal or accounting advice or other expert assistance is required, the services of a competent professional should be sought.

Copyright 2018 John K. McGill & Company, Inc. All Rights Reserved.