What is your Plan B?

On April 18, 2017, in Money Tree Billing, by MoneyTree

We all like to dream big, which explains why so many rush to buy a Lottery ticket with the hopes of winning the big jackpot once it’s over $200 million dollars. We joke and laugh as we leave our jobs at the end of the day, “Mrs. Smith’s notes have been uploaded in the EHR tab Dr. Brown, just in case I am in Tahiti tomorrow after winning the lotto tonight.”  Yes, it is fun to joke and daydream about winning the lottery (I have been known to use the “Tahiti metaphor” myself).

However, there is an underlying reality to this.  Odds are in your favor when it comes to someone on your team winning the lottery, but what if your Billing Person or Office Manager didn’t come back the next day for some other reason?

Unfortunately, at Money Tree Billing we have seen unforeseen events happen leaving the doctor unprepared and panicking.  Everything from employees quitting, illness, a car accident and unexpected termination.  You may even have a great long-term situation and now that person wants to retire.  This leaves us wondering, “What’s your Plan B?”

“Studies on the cost of employee turnover are all over the board.  Some studies (such as SHMR) predict that every time a business replaces a salaried employee, it costs 6 to 9 months’ salary on average.”  According to Indeed.com, the average chiropractic assistant is salaried at $24,523/year ($11.79/hour).  That’s an additional cost of $12,000-$18,000 every time you have turn-over.  Do you really want to hire and retrain or should you be considering other options?

A Doctor’s priority is always the health and wellness of their patients.  You can’t effectively focus on your patients and your business when your office is in chaos, and turnover – even under the best of circumstances – always creates a degree of chaos. To help avoid this cycle of chaos, you should always have a Plan B.

If you are a Money Tree client, you are already enjoying the perks of your Plan B and we would like to thank you for your business.  If you don’t have a Plan B we would love to help!  Please call Money Tree Billing today and let’s share about us being your Plan B.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>