These informal video presentations include Q&As, insights and recommendations presented by IDOC’s team of consulting experts.
Question Of The Week
DO YOU KNOW IF YOUR COGS IS HIGH?
Cost of Goods is the highest expense category for many – if not most – independent practices. And most owners feel like they’re spending too much or just don’t know – how does my Cost of Goods (COGS) compare to other practices?
I’ve heard practice management lecturers say that every practice’s Cost of Goods ought to be less than 25% of gross collected revenues. Which is true for some – but certainly not all – practices. Instead of telling you what your practice SHOULD look l
