Improving Practice Profitability
This presentation will demonstrate the importance of capturing all revenue earned, ways to minimize and measure revenue lost, review of the major components of the P&L, and how small changes affect practice value will also be discussed.
4:00 PM - 4:50 PMSun
This presentation will demonstrate the importance of capturing all revenue earned, and the consequences of the failure to do so. Ways to minimize and measure revenue lost will be shown. After a review of the major components of the income statement (P&L), the effects of small changes in practice operations to profit will be shown. How profit affects practice value will also be discussed.
Objectives:
Become familiar with how profit affects value
Understand the major components of the income statement (P&L)
Understand the importance of capturing revenue earned
Understand the effects of discounting
Understand how small changes to revenue affect profit