Manage Your Practice Like a Professional: A Simple Practice Budget
Review of Optometric Business
English - July 11, 2018 04:00 - 14 minutes - 6.87 MB - ★★★★ - 6 ratingsBusiness Health & Fitness optometry patient financing profitability kpis capture rate multiple eyewear sales carecredit mark wright Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Creating a practice budget and reviewing it every 1-3 months allows you to accurately set earning goals and manage expenses. Adhering to a budget enables you to make data-based decisions on investing in your practice to enhance patient care and increase profitability. Also, a practice that runs by a budget has a higher valuation to potential buyers. Michael Kling, OD, founder and CEO of Impact Leadership, shares his insights, and provides templates to help you get started.