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Economics is your practice’s financial foundation - the data-driven approach to pricing, profitability, and revenue optimization. Make informed decisions about your offers with comprehensive cost analysis, margin calculations, and financial modeling that ensures every service contributes to your practice’s success.

Why Financial Modeling Matters

Data-driven pricing strategies increase profit margins by 15-25% through accurate cost analysis and optimized pricing models.
Comprehensive cost tracking and margin analysis help you avoid unprofitable services and focus on high-value offerings.
Clear financial metrics enable confident expansion decisions and help you identify the most profitable growth opportunities.

Key Features

Cost Analysis

Track staff costs, product costs, and technology expenses to understand the true cost of delivering your services.

Staff Cost Tracking

Labor cost analysis - Track hourly rates, time allocation, and labor costs for each service to ensure profitable pricing.

Product Cost Management

Material cost tracking - Monitor product costs, usage per patient, and inventory expenses for accurate margin calculations.

Technology Expenses

Overhead allocation - Factor in software, equipment, and monthly technology costs to understand true service costs.

Facility Costs

Infrastructure expenses - Include rent, utilities, and facility costs in your pricing models for comprehensive cost analysis.

Profit Calculations

Real-time margin analysis with CAC and COGS calculations to optimize your pricing strategy.
Calculate gross margins, net margins, and contribution margins for each service to identify your most profitable offerings.
Track customer acquisition costs across different marketing channels to optimize your marketing spend and ROI.
Determine the minimum number of patients needed to cover costs and achieve profitability for each service.

Staff Modeling

Add team members with hourly rates and time allocation to accurately calculate labor costs.
1

Add Team Members

Include all staff members involved in service delivery with their hourly rates and time allocation per service.
2

Calculate Labor Costs

Automatically calculate total labor costs based on time requirements and hourly rates for each service.
3

Optimize Staffing

Identify opportunities to optimize staffing levels and improve efficiency while maintaining service quality.

Product Costing

Include product costs and usage per patient for accurate margin calculations and pricing optimization.

Product Usage Tracking

Usage per patient - Track how much of each product is used per patient to calculate accurate product costs.

Inventory Cost Analysis

Cost per unit - Monitor product costs, shipping, and handling to understand true product expenses.

Waste and Loss Tracking

Efficiency optimization - Track product waste and loss to identify opportunities for cost reduction and efficiency.

Supplier Cost Management

Vendor optimization - Compare supplier costs and negotiate better pricing to improve product margins.

Technology Expenses

Factor in software, equipment, and monthly technology costs for comprehensive financial modeling.
Include monthly software subscriptions, licensing fees, and technology platform costs in your service pricing.
Factor in equipment costs, depreciation, and maintenance expenses to understand true technology costs per service.
Track technology investments and their impact on efficiency, quality, and profitability to optimize tech spending.

Financial Metrics

View profit margins, cost per acquisition, and break-even analysis for data-driven decision making.

Profit Margin Analysis

Service profitability - See which services generate the highest margins and contribute most to practice revenue.

Cost Per Acquisition

Marketing efficiency - Track CAC across different channels to optimize marketing spend and improve ROI.

Break-Even Analysis

Financial planning - Understand minimum patient volumes needed to achieve profitability for each service.

Revenue Forecasting

Growth planning - Project future revenue based on current metrics and planned service offerings.

Financial Modeling Components

  • Staff labor costs - Product and material costs - Equipment usage costs - Direct service expenses
  • Facility and overhead costs - Technology and software expenses - Administrative costs - Marketing and acquisition costs
  • Service pricing optimization - Revenue per patient analysis - Profit margin calculations - Growth opportunity identification
  • Cost per acquisition (CAC) - Customer lifetime value (CLV) - Return on investment (ROI) - Break-even analysis

What Happens After Economics Setup

Pro Tips for Financial Optimization

Track Everything: Include all costs - direct and indirect - to get accurate profitability analysis and make informed pricing decisions.
Regular Review: Update your financial models monthly to reflect changing costs, market conditions, and business performance.
Focus on Margins: Prioritize services with the highest profit margins and consider discontinuing unprofitable offerings.
Don’t Price Too Low: Ensure your pricing covers all costs plus desired profit margins. Underpricing can lead to unsustainable business practices.

Getting Started

Build Your Financial Model

Start calculating profitability and optimizing pricing with comprehensive financial modeling and cost analysis.