Reduce Your Costs by Rewarding Staff
Disclaimer: The views and opinions expressed herein are those of the author(s) and do not necessarily reflect the official policy or position of Consultant360 or HMP Global, their employees, and affiliates. Any content provided by our bloggers or authors are of their opinion and are not intended to malign any religion, ethnic group, club, association, organization, company, individual, or anyone or anything.
Neil Baum, MD
Clinical Associate Professor of Urology, Tulane Medical School, New Orleans, LA
Author, Marketing Your Clinical Practice-Ethically, Effectively, and Economically, Jones Bartlett Publishers
Regularly ask your staff what suggestions that they may have to reduce overhead costs. You will be amazed at their suggestions especially if you reward them for recommendations that are implemented and do result in cost savings. The reward can be financial remuneration, time-off, or a gift certificate.
Bottom line: You want to motivate your staff to not only earn more money for the practice but to reduce expenses as well. Your staff can be a great resource for you. All you have to do is ask…then reward!