5 Practical Ways Medical Clinics Can Reduce Their Expenditure

Written by Chloe Harwood

Running a busy medical clinic takes a lot of dedication and resources. The latter can often result in high expenditure. But, the good news is that it’s possible to keep those costs down. Here are five practical examples medical centers can follow:

  1. Don’t hire an excess amount of staff

One of the biggest costs to any medical clinic is its staff. Managers of all medical centers should audit their HR needs. That way, they can cut down on staffing costs without compromising clinical performance.

  1. Use an up-to-date IT system

Productivity is often low when staff has to wait around for computers to do something. The cost investment of an IT upgrade is far less than the time wasted by employees. Be sure to have an upgrade plan you can follow for the future as well.

  1. Review supplier contracts

Another significant expense of any medical clinic is down to the equipment and sundries that it uses. Managers should review vendor contracts and determine which ones don’t offer the best value. Consider tendering large contracts when existing ones are up for renewal.

  1. Invest in renewable energy and energy-saving measures

Electricity costs often rise on an annual basis. Medical clinics should consider investing in renewable energies, such as solar power. Also, they should replace incandescent light bulbs with LED or CFL ones.

  1. Offer telemedicine services to patients

Although not a recent innovation, it’s been proven that telemedicine lowers clinical costs. The infographic below provides a detailed analysis of the subject:

Infographic Created By telemedicine reimbursement

About the author

Chloe Harwood