Are Your Clients Profitable?

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1 MIN READ

Step 1: Know your Direct & Indirect Labor Costs. 

Direct costs include wages for employees and direct transaction costs such as BPO labor that is attributed to a client or business unit. Indirect costs are items such as utilities, rent, etc. Indirect costs may also include supervisor and executive salaries. You’ll have a much better understanding of a client’s profitability if you’re able to compare it to a thorough number of overall costs. 

Schedule a meeting with Global directly to your calendar. 

Step 2: Track Employee Time.

Tracking employee time by task and client allows you to measure the productivity of an employee while also tracking the total number of hours a task took to complete for a specific client. 

Step 3: Utilize Business Process Outsourcing. 

BPO firms thrive at process management and rely on closely monitored production tracking and incentives to yield sizable productivity increases at typically lower costs. 

Step 4: Allocate Indirect Labor.

The proportional allocation method will give you a better sense of which clients are adding to your bottom line by assigning a percentage of an indirect costs to all or several departments or revenue categories (clients) in your business. 

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How does a partnership with Global Healthcare Resource work? 

Our revenue cycle and patient call center professionals operate as an extension of your team, Here’s how it works:

Step 1: Schedule a meeting to discuss your scope of work and current challenges.

Step 2: Global assembles, trains, and manages a team of highly skilled professionals to work on your project only.

Step 3: In an average of 30 days, your team is fully ramped up and operating at your designated benchmarks and KPIs.

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