What Could Your Practice and Proctor and Gamble Someday Have in Common?
Outsourcing your billing to NEMO Health provides you with expertise, staff flexibility and security, and lower costs associated with your billing process. But one of the hidden benefits of outsourcing your billing is realized through our practice improvement strategies and coaching, using collaborative information and data from many podiatrists nationwide. You literally have built-in podiatric consultants guiding you towards practice success!
So what does this have to do with Proctor and Gamble? Well product companies, such as P&G, have a big challenge performing in a very rapidly changing market. It is critical to bring out a new product ahead of many competitors. So one day, after decades of product race, P&G made a decision to outsource some research activities to experts. This allowed P&G to focus on other activities that they excelled at. The result exceeded all expectations. Outsourcing boosted its innovation productivity by 60% and generated more than $10 billion in revenue from over 400 new products. Today, about half of P&G’s innovation comes from external collaboration.
Could your practice benefit from outsourcing billing, collaboration and practice improvement strategies, while at the same time lowering your billing costs? Outsourcing may never give you the revenue of $65 billion like Procter & Gamble, but it certainly is one small, tiny step in the right direction!
If you would like a FREE Cost/ Benefit Analysis performed on your billing process, please email me at John@nemohealth.com.