The latest podcast from SoundPractice.net is an interview with Owen Dahl, MBA,, author of Think Business! Medical Practice Quality, Efficiency, Profits on the topic of the true cost of seeing a patient. It’s mainly for MD’s, but the principles are the same for any CAM practice. If accounting isn’t your strong suit, there’s a good review of the differences between fixed, variable, direct and indirect costs, and a few other interesting tidbits.
What I found most interesting was a question Dahl posed: what’s it worth to your practice to see one extra patient a day? It’s worth pondering. Even if you’re not overflowing with clients, those cancellations, missed appointments and other avoidable gaps really do add up if you do the math.
How Much Does it Cost You to See a Patient?