Boost Your Family Practice Revenue With Minimal Efforts - PowerPoint PPT Presentation

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Boost Your Family Practice Revenue With Minimal Efforts

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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 as to how desperately clinicians need primary care payment reform. – PowerPoint PPT presentation

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Title: Boost Your Family Practice Revenue With Minimal Efforts


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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 as to 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. Here are some
important strategies to increase your family
practice revenue with minimal efforts.    Review
the scheduling practices 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.
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Boost your Family Practice revenue with
minimal efforts
Moreover, you may need to polish up the way your
appointments are scheduled. 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 longer 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. 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.
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Boost your Family Practice revenue with
minimal efforts
Delegate work to staffers that doesn't require
physician license. Don't spend much of time on
the patient-care-related tasks which don't
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, letting the
experts in family practice medical billing and
coding handle the tedious reimbursement work
while you maintain a good understanding of your
practice's operations. Have multiple revenue
streams and procedures It's critical to realize
the extent to which your practice drives youre
the income cycle and to carefully consider
decisions that would narrow it. Whether it's
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 practice's
income cycle. Letting go even one of these
services means you're cutting down the revenue
stream, and one that can be difficult to reclaim,
predominantly when procedural skills or
privileges have failed.  
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Boost your Family Practice revenue with
minimal efforts
In the end It would be careless on or 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
specialty.
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