Top 10 Hacks for Improving Profitability
eGuide
For many physicians, independent practice actually is everything it’s cracked up to be – on most counts. Greatly expanded flexibility, control, decision making latitude, and trusted patient relationships are highly satisfying and fulfilling vs. the employment alternative. On the flip side, there are challenges to be faced and overcome – month-to-month profitability among the chiefest. Perhaps your end-of-month squeeze is reflective of the forces at work in the broader private practice climate. A recent report found that compared to pre-pandemic levels, average annual physician revenue increased by 9.1%, while per-physician expenses surged 26.5% over the same period.
We created this eBook to give you some ideas for operational processes you can control. These top ten hacks can be practically implemented without major disruption or expense. They are prioritized by those that can have the biggest impact or quickest path to revenue at the top of the list and moving down from there. They have proven to move the dial in the profitable direction by focusing on marginal improvements to systems already in place or being more attentive to potential blind spots that are dragging on productivity or profitability.
Check out a sample of topics. Download this free eBook to learn the hacks.
- Optimize screenings & wellness checks
- Evaluate outsource billing
- Be the doc they choose, grow your practice
- Optimize workflows, more with less
- Maximize self-serve