How to Save Money on Overhead Expenses

Outside Services
When hiring professional services outside the practice, make sure you use someone who understands healthcare issues. Accountants who deal with physician practices can be invaluable, Dr. Morris says. It may also pay off to occasionally have an outside consultant examine your practice and recommend beneficial changes.

The bottom line: Purchase wisely, but don’t pinch pennies. Dr. Baraf concludes, “Buy cheap; buy twice—as the adage goes. Don’t be afraid to spend money on something if it will bring a return and, ultimately, add to your efficiency. An upfront investment [may] not bring a return until after you have it in place.”

Karen Appold is a medical writer in Pennsylvania.