Most of the time, physicians are too busy taking care of patients to be able to spend time reviewing medical supply pricing and other practice costs. Typically, the first time a practice signs an agreement for products or services with a vendor is usually the last time those prices are assessed.But implementing a regular review of your expenses-at least annually-is critically to ensuring that you aren’t spending thousands more than you need to on practice operations.Susanne Madden, MBA, is founder and CEO of the Verden Group, a consulting firm that helps physician practices navigate the business of healthcare.

News

As every medical practice knows, it can be hard to stay on top of ongoing expenses.