))
Episode 49: Deciphering ROI & Break-Even Calculations - Your Roadmap to Profitable Decisions in Medical Practice
Manage episode 381509068 series 3416678
Content provided by Jill Arena. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jill Arena or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Return On Investment and Break-Even calculations are two crucial financial metrics that help you make well-informed decisions. While they may seem similar, understanding their differences is the key to using them effectively.
Return On Investment gives you a percentage that indicates the profitability of an investment over time. Break-Even, on the other hand, tells you when you can expect to cover your initial investment and start making a profit.
When considering new equipment, calculate the ROI by estimating the additional revenue you expect it to generate. Compare this with the upfront and maintenance costs. A positive ROI signifies a profitable investment. The Break-Even point, meanwhile, will help you understand how long it will take to recover your initial expenditure. The Return on Investment calculation holds time constant, and solves for a money. The Break Even point holds money constant and solves for time.
Please Follow or Subscribe to get new episodes delivered to you as soon as they drop!
Visit Jill’s company, Health e Practices’ website: https://healtheps.com/
Subscribe to our newsletter, Health e Connections: http://21978609.hs-sites.com/newletter-subscriber
Want more content? Find sample job descriptions, financial tools, templates and much more: www.MedicalMoneyMattersPodcast.com
Purchase your copy of Jill’s book here: Physician Heal Thy Financial Self
Join our Medical Money Matters Facebook Group here: https://www.facebook.com/groups/3834886643404507/
Original Musical Score by: Craig Addy at https://www.underthepiano.ca/ Visit Craig’s website to book your Once in a Lifetime music experience
Podcast coaching and development by: Jennifer Furlong, CEO, Communication Twenty-Four Seven https://www.communicationtwentyfourseven.com/
92 episodes
Share
