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ARTICLE OF THE MONTH

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Taking Stock

It’s a perfect time of year to take stock of your accomplishments and decide the direction you would like to take in the coming year.

As Medtrade 2003 approaches, it is time to search for new product ideas and ways to diversify your business. Further, when you evaluate your operation, look from the outside in. Take your management team off-site to help you self-evaluate. Use an unbiased professional to help facilitate a strategic meeting. Look for ways to create efficiencies in your operation.

Ask yourself…what you are doing manually that could be done by your software? How well are you tracking your inventory? How automated is your purchasing? How many insurance companies are ready for electronic eligibility checks and on line authorizations?

The answers to these questions will help you develop more efficient ways to operate. These and other changes will prepare you for the impending changes due to hit our industry any time soon.

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