Unlocking Efficiency for a Thriving Medical Practice.
Dr. Sharma's practice was experiencing unpredictable monthly expenses, making it difficult to budget effectively and plan for debt repayment while balancing reinvestment into the practice. She struggled to differentiate between fixed and variable costs within her small medical practice, hindering her ability to optimize resource allocation and maximize profitability.
By employing the High-Low Method Calculator, Dr. Sharma identified that her fixed administrative costs were approximately $8,000 per month. Variable costs related to patient visits were roughly $25 per patient. This clarity allowed her to create a more accurate budget, predict expenses with greater precision, and pinpoint areas for cost reduction, saving an estimated $1,200/month.
Dr. Sharma input her highest and lowest activity levels (patient visits) and associated total costs into the High-Low Method Calculator. The tool automatically calculated the variable cost per patient visit and the fixed monthly costs.
$14,400 annual savings, improved budget forecasting accuracy, and better debt management strategies.
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