Steps to increase the profitability of your practice

Many physicians feel high levels of frustration and anxiety in the face of a financial picture that seems out of their control. However, there are ways physicians can gain back some control by improving both productivity and efficiency. First, examine your physical facility to determine where improvements in work flow and communications can be made. Next, save time by effectively delegating clinical and administrative tasks that don't require your expertise or skills. Improve productivity and patient flow by setting target numbers for patient visits and number of work hours. Finally, don't forget to recognize the value of your staff to create a higher level of success.