Physician Practice

Be smart with capital expenditures

Physician Practice Perspective, June 1, 2005

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When you buy costly office or clinical equipment, you want to make sure that the new item will bring value to your practice. Whether replacing an outdated telephone system, adding a collator to your copier, or purchasing a clinical instrument to add a new service, you need to be sure that you make the best purchasing decision. To determine the cost-effectiveness of your purchase, you want to assure that the potential for profit exists, either through physician and staff labor savings or through additional revenue.

This is an excerpt from a member only article. To read the article in its entirety, please login or subscribe to Physician Practice Perspective.

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