Discovering More Cash in Your Practice

Host: Larry Kaskel, MD Guest: Jeffrey N. Hausfeld, MD, MBA Is there more cash in your practice than you know? Dr. Jeffrey Hausefeld, associate clinical professor of surgery at George Washington University School of Medicine and Health Sciences and managing director of FMS Financial Solutions, shares with host Dr. Larry Kaskel, practical tips on how to find more cash in your practice. Learn to negotiate payment terms and drug return policies with suppliers. Consider implementing an inventory tracking system. Purchase supplies through a buying group. Negotiate bank rates and consider purchasing an automated teller machine. These tips alone can save a practice thousands of dollars a year.