Ask MGMA: How to Cut Costs and Improve Efficiency in Your Medical Practice
In this episode, host Daniel Williams talks with senior advisor Cristy Good about practical ways to cut costs and boost efficiency in medical practices. They address key challenges like rising labor, tech, and inflation-driven expenses, and explore solutions such as cloud-based tools, smarter scheduling, strategic outsourcing, and cross-training staff. The episode also covers how to avoid overspending and make better use of group purchasing organizations. Cristy offers advice for leaders feeling overwhelmed by vendor costs and explains how MGMA members can get additional support.
00:50 Introduction and Welcome
01:21 Today's Topic: Reducing Expenses and Boosting Efficiency
02:15 Challenges in Cost Management
04:25 Effective Cost-Cutting Strategies
09:54 Cross-Training and Scheduling Innovations
11:14 Leveraging Group Purchasing Organizations
13:12 Conclusion and Contact Information
Additional Resources:
Email us at dwilliams@mgma.com if you would like to appear on an episode. If you have a question about your practice that you would like us to answer, send an email to advisor@mgma.com. Don't forget to subscribe to our network wherever you get your podcasts.