The cost-cutting and cost-saving tactics are common in chiropractic practice. And when they are tied to the budget, they need it. Although the first two concepts of the hose are embarrassed and "cost management" is a completely different matter.
Cost Management is No Cost Reduction
Cost reduction and cost savings do not include strategy. Think of cost management as part of a long-term strategy and cost reduction as a short-term tactical method.
In general, cost reduction occurs because the costs are higher than the budget and should therefore be reduced. Isolating costs generally means you do not want your costs to exceed your budget, so you can find the methods you can spend over your budget.
Cost savings can be part of cost management, but cost management means a longer-term, strategic approach rather than a short-term tactical approach to cost control.
As a basic concept, strategic cost management means giving full resources to the overall strategy.
When developing your cost management strategy, you begin to think about how to make the most of the resources you use to reach your goals.
For example, if you have an exceptional patient experience during each visit, do not start with the idea that it means higher costs. Start by thinking that extraordinary experience is important and ask how to make the most of your resources to achieve the desired result, probably suggesting that spending more resources at the beginning of your experience will save you money in the long run …. and an improved PVA.
Strategic cost management looks like a big concept, but its implementation is not as difficult as you would think. Essentially, it's about thinking about the long-term impact of cost-effectiveness and how to handle them whenever you can.
There are probably several tactics you've been using, but if you're together, they can represent a real strategic approach. Examples of techniques that can be a cost management strategy:
* Bulk purchases – Warehouse clubs such as BJ, SAM & S Club and Costco have the ability to purchase key supplies – pens, papers, print cartridges, cleaning utensils and even toilet paper – at a higher price than most office supplies.
This means stocks last longer, office supply budgets are easier to maintain, and when tax revenue is depleted, accounting is very simple in case of a single receipt.
You can also ask for discounts when purchasing bulk or accepting service terms that are longer than they are currently. Also, if you attend a lot of conferences and exhibitions, make a shopping list before the next one comes; on-site discounts are almost always available.
* Use Your Sellers – Discounting bulk or volume discounts is just one way to help suppliers. Keep in mind that you generally have the same cash flow issues, so you are willing to provide discounts for early or cash payments. You can offer a guaranteed monthly order for better pricing.
* Go to co-op whenever you can – Connect the volume purchasing groups. They exist because they buy everything from the necessary equipment to electricity and gas. Often, commercial groups of industry and local chambers of commerce provide access to these groups, not to mention their own discounts.
* Buy Your Services Every Year – Whether you're an insurance company, a phone, a merchant account, an internet service provider, or any other service, your purchase can always help with better cost management.
* Buy with a barter. You can trade with chiropractic care for other manufacturers, for example, in products or services.
* Re-negotiate your rent – When you're ready to move, resume the rental contract or just do it better, open the landlord dialogue. If a short-term lease expires, ask your landlord to continue with the rental contract for a longer term rental period. Yes, they will do it. And then you can do equipment rental as well. See if your bank gives you a better rents and pays less for the current value, for example.
Keep in mind that many costs are not measured by accounting systems. The cost of patient care is due to bad service or quality. If you influence the patient's experience and collections are reduced, further cost reductions will not improve the outcome.
This is a real cost that can be part of cost management, but it does not count for any accounting system.
Another example is the occasional cost of people. When assigning projects and assignments, it is worth considering what to do when an employee performs the task or project. For example, I knew a Chiropreneur who asked at the last minute for his team performance report. The employee had to abandon the sickness service to fill the forms desired by Chiropreneur.
Replacing the answering machine's service with an answering machine saves you money, but how it affects the patient's experience when calling hours to his office.
You may be able to reduce the team. to lower their heads, but what will be going to the limit or burn the remaining staff?
If you think about cost management, do not forget how much time it takes for your costs and costs.
Spend the amount of time it takes to lower your head to attract new patients and make it easier to increase the nuclear power plant (new patient production) than the upper bones.
And, remember, it's really impossible to shrink to size!
Source by sbobet