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The client started with Maven in March 2023, looking for help to improve their profitability.
This client knew they were overspending, but was not entirely sure in which categories or by how much. First, we performed a “Benchmark Assessment” to determine where to start.
After our initial assessment, it became apparent that “Consumables Spend” was much higher than target. While fixed expenses were in line to benchmarks, the contributing factor to reducing these costs as a percentage came from increasing revenue.
By year end in 2023 we were able to level out consumable spend to 43% by increasing top line revenue and introducing a more profitable service mix, setting a strong foundation for the next phase of growth. The 2024 wellness program launch exceeded expectations, driving a substantial 67% increase in total revenue by mid-year and creating recurring revenue streams. Increased patient volume and strategic service bundling led to reductions in consumable spend while diversifying revenue through high-margin offerings. These outcomes allowed Dr. Delaney to expand his team, balance workload, and improve operational efficiency.
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Maven Financial identifies high consumable spend and turns it into an opportunity for measurable growth. Through expert insight on service mix, revenue streams, and expense management, we guide practices to improve profitability and build long-term stability. By aligning financial strategy with everyday operations, Maven delivers a clear path to efficiency, recurring income, and sustainable success .
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Discover where your business stands in the market with Maven Financial Partners' free benchmark audit. Our expert team will analyze your financial performance, providing you with valuable insights and strategies to outperform your competitors. Take advantage of this opportunity to identify strengths, uncover areas for improvement, and gain a competitive edge. Don't miss out on this chance to enhance your business success with our professional guidance.
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