Unlocking efficiency, boosting profitability, and easing stress
Dr. Sharma was concerned about rising labor costs at her practice. High staff turnover was forcing her to pay overtime to existing employees to cover shifts. She suspected inefficiencies in scheduling and workload distribution but lacked a clear way to quantify and address them. Her biggest challenge was balancing excellent patient care with profitability and staff well-being, particularly with $280,000 in student loan debt hanging over her.
Using the Man Hours Calculator, Golden Door Asset helped Dr. Sharma analyze the required man-hours for various tasks and identify areas of over and understaffing. The calculator revealed that re-allocating staff across different days and implementing a new scheduling system could reduce overtime costs by $1,500 per month. We also used the Debt Service Coverage Ratio Calculator to ensure she could comfortably manage her student loan payments while implementing these staffing changes.
We used the Man Hours Calculator to determine optimal staffing levels based on patient volume and service type. Data was collected from the practice's scheduling and billing software and analyzed to inform staffing decisions.
$18,000 annual savings by optimizing staffing levels and reducing overtime costs.
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