Don’t take your physical facility for granted

By Steven E. Fisher, MBA

Eleven ideas to consider in 2011 and beyond

Orthopaedic practices vary greatly in how they operate on a day-to-day basis. But they all have the following overhead outlays: staff salaries, occupancy, employee benefits, drugs and medical/surgical supplies, and professional liability insurance. These five expenses account for more than 75 percent of total overhead. Occupancy costs—excluding associated expenses such as insurance and utilities—constitute roughly 6 percent of net medical revenue and account for slightly more than 11 percent of total overhead.

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