Family Practice: Boost Your Revenue With Minimal Effort

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(No Transcript)
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Boost Your Family Practice Revenue With Minimal
Efforts

• There are not a lot of us who believe that family
  practice physicians are adequately paid for the
  kind of valued care they deliver to patients and
  to the health care system. As an
  established medical billing and coding
  organization, we regularly observe how
  desperately clinicians need primary care payment
  reform.
• Agreed that there is a better future for the
  healthcare industry on the horizon, but as of
  now, we have to make the best of what the
  dysfunctional health care system offers. For many
  doctors whose reimbursement depends in part on
  our productivity, increasing gross revenue is one
  vital element to your success.
• Family practitioners can protect
  their revenue stream by being equipped to provide
  as many procedural services as possible and also
  by making sure that you are billing and coding
  for the minor procedures that you already
  perform, but might not know that you can be paid
  for.
• Strategies to increase your family practice
  revenue
• Review the scheduling practices

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Boost Your Family Practice Revenue With Minimal
Efforts
The single biggest move family practitioners can
do to increase revenue by minimal efforts is to
regularly work in an extra patient in the lunch
hour or at the end of the day. The road to a
positive bottom line may be as straightforward as
this. For instance, if appointments are booked
in a standard 15-minute format, one might be
spending more time waiting for patients than you
should actually do. If the appointments are all
reserved at the top of the hour, the patients
might be spending a long time waiting than they
should. In our experience, the modified-wave
schedule is the most efficient approach for
family practice. A modified-wave system plans
two 15-minute appointments on the hour one
appointment 15 minutes later and the next 30
minutes after the hour. Usually, there is no
appointment at 45 minutes after the hour, which
then gives you time for a 30-minute appointment,
an extra work-in patient, and time to take phone
calls or look into the documentation. A
modified-wave system also ensures that you are
not behind schedule even before you begin. If you
start seeing patients at 10 a.m. and one they
dont arrive on time, the chances are the other
patient with a 10 a.m. appointment will.
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Boost Your Family Practice Revenue With Minimal
Efforts

• Work smartly!!
• Get into a huddle. Yes, you heard that right!!
  Each morning start your day with a ten-minute
  meeting of all the office staff members to save
  you valuable time later. The purpose of this
  huddle is to look into the days schedule,
  forestall information needs, or special cases
  that may arise during the day and needs your
  attention.
• Delegate work to staffers that dont require a
  physicians license. Dont spend much of time on
  patient-care-related tasks which dont require a
  medical degree. Ask yourself whether you would
  pay another clinician to do the same thing.
  Delegate as many administrative tasks as you can
  to other people. For example, let the experts in
  family practice medical billing and coding handle
  the tedious reimbursement work while you maintain
  a good understanding of your practices
  operations.
• Have multiple revenue streams and procedures
• Its critical to realize the extent to which your
  practice drives your income cycle and to
  carefully consider decisions that would narrow
  it. Whether its performing a certain medical
  procedure or nursing home patients, completing
  obstetrics, and taking care of patients in the
  hospital, think of these services as a revenue
  stream to your practices income cycle.

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Boost Your Family Practice Revenue With Minimal
Efforts

• In the end
• It would be careless on our part if we fail to
  acknowledge that revenue is only a part of the
  net income equation. Remember that a dollar of
  expense saved is as good as a dollar of gross
  revenue earned.
• So, if you want to boost the family practice
  revenue with minimal efforts, contact us today on
  this 888-357-3226 number or visit our medical
  billing and coding services website for further
  information on a specialty.

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Boost Your Family Practice Revenue With Minimal
Efforts
FAQs 1. Why is revenue optimization important
for family practice physicians? Revenue
optimization ensures family practitioners receive
fair compensation for their valuable care,
helping maintain their financial health. 2. How
can a modified-wave scheduling system benefit my
practice? A modified-wave schedule reduces
patient wait times and maximizes appointment
efficiency, helping you see more patients and
increase revenue. 3. What are the benefits of
delegating tasks in family practice? Delegating
non-medical tasks to staff frees up time for
physicians to focus on patient care, improving
productivity and patient satisfaction. 4. How do
multiple revenue streams impact family practice
income? Offering a range of procedures and
services diversifies revenue, provides a more
stable income, and helps meet patient needs.