Case Study
Why Reducing Expenses Is So VITAL
Reduce your Expenses: By $120,000 with a 3% Operating Margin is equivalent to adding $4 million dollars in Annual Revenues.
With a 3% Operating Margin:
- A $100 abuse of the telephones = $3,300 in Revenues
- A $1,200 in duplicate invoice payment = $40,000 in Revenues
- That $300 O.R. supply item opened in error = $10,000 in Revenues
- The Rigid Scope that is under warranty that was mistakenly billed by the vendor as a non-warranted repair of $1,295 = $43,000 in Revenues
One day of $2,895 worth of errors and overcharges is equal to $96,300 in hospital revenues that will be needed in order to pay for these unnecessary charges.
Expense Management
Spend Analysis
