All problems
consultant
Your overheads have crept up and are eating your margin
"I'm seeing more patients than ever but taking home less. When I actually looked at the numbers, the costs had just crept up without me noticing."
Takes two minutes. A free, no-obligation chat with Solva.
- A consultant on a £400,000 overhead base with 6% annual cost inflation adds £24,000 of additional annual cost with no change in clinical output
- Auto-renewing contracts for indemnity, software, and premises account for 40 to 60% of private practice overhead and are the most common source of avoidable cost
- A structured quarterly cost review takes less than two hours and typically identifies savings of 12 to 20% of total overhead within the first audit
- Margin compresses even as revenue grows
- The consultant is working harder for the same or less net income
- Cash flow becomes tighter as fixed costs rise
- The practice becomes less resilient to revenue dips
- Investment in growth is crowded out by overhead
Frequently asked questions
Why does this problem persist?
Costs increase in small increments that individually feel manageable There is no regular overhead review built into practice management Some costs such as indemnity and software are auto-renewed without comparison
What is the cost of leaving it unaddressed?
Every percentage point of overhead that exceeds revenue growth directly reduces net income. A 10% cost reduction on a £400,000 overhead base saves £40,000 per year.
This is exactly what I do with UK private practices. Answer the few questions above and I'll come back personally with where to start. Paul.