How You Can HALVE Your Podiatry Practice Accounts Receivable!
Please note that the video content on this page is for members only. You will only be able to see the video when you are logged in.
One of the key points in our theme for August (to remind you: Getting 20+ Hours Back in Your Week) was to reinforce the importance of SYSTEMS.
Remember Systems means: Saving You Stress, Time, Energy and Money.
Policies and Procedures, Operations Manuals these all go a long way to making your life easier and smoothing the working day.
This week’s video (and templates) discusses the new, and so far, very successful system we’ve put in place for … the dreaded Accounts Receivables.
Our Accounts Receivables were out of control.
They were upwards of $40,000, and that money is better in my bank account than out and about particularly when our terms at that point were around 7 days…
So we decided to put in place a new procedure for Accounts Receivables which has seen that $40k come down to around $18k…
This week’s video details the steps in our new procedure, and also so you can swipe and deploy in your own practice I have provided the templates we use in the procedure.
Systems and procedures will save you time and this one will put more money in your bank account!
Watch to discover:
- How to create a policy and procedures document.
- Which policy changes are key to reducing your Accounts Receivable.
- How to get your patients to agree to paying you on time.
- How to make your policy and procedure fool proof.
I hope you get heaps out of this week’s video any questions, please pop them up in the Forum and we’ll make sure to get back to you.
til next time,
Podiatry Hive
