O&P clinics are increasingly being challenged to achieve goals while staying within shrinking revenue budgets, forcing them to maximize output from all resources. The balance can be thrown off by environmental changes such as inflation, a change in a competitor’s ownership, a key supplier changing its practices, and more.
Under this pressure, owners and leaders are often tempted to find solutions by turning to external services or pushing harder on internal departments and structures to deliver more. The savvy CEO, however, can reap rewards for the business by looking beyond the status quo to develop creative ways to solve problems with little impact on the budget. One approach is to create targeted and timely interdepartmental initiatives.
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