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Puneet Jain
Fractional CFO | US ... • 1m
🔍 Silent Profit Leaks in Diagnostic Labs? 3 Critical Audit Findings (And Fixes!) Just completed a high-impact operational audit for a diagnostic lab. Shocking how small gaps create big risks. Sharing insights: 🔴 Top 3 Hidden Risks Uncovered: 📦 Inventory Black Holes → HQ/branch records mismatched (dates and quantities) → Expired stock discarded silently → Zero lot/expiry tracking 💰 Revenue Bleeding → Credit sales recorded as cash sales → Undocumented discounts (verbal approvals only) → Daily cash ≠ system reports 🔄 Reconciliation Ghosting → No physical vs. system stock checks → Critical items missing registers → Branch/HQ units inconsistent (kits vs. pieces) 💡 Our Transformative Fixes: ✅ Inventory Control Revolution → Enforced expiry/lot tracking in core systems → Monthly physical audits at all locations → Standardized measurement units ✅ Financial Integrity Shield → System upgrade for true credit tracking → Digital discount approval workflows → Daily cash deposits + automated reconciliation ✅ Compliance Safeguards → Vendor contract reviews (price/expiry clauses) → Centralized expiry dashboards → Mandatory stock ledgers for all items 📈 Results: 99.8% inventory accuracy + plugged 6-figure revenue leaks. "In diagnostics, operational rigor = patient safety + profitability." 🤔 Your Turn: What’s your biggest ops challenge in regulated industries? 👉 Follow for more audit insights! hashtag#HealthcareOperations hashtag#LabManagement hashtag#OperationalExcellence hashtag#AuditInsights hashtag#ProcessImprovement hashtag#DiagnosticLabs
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