Family Practice: Boost Your Revenue With Minimal Efforts

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Family Practice Boost Your 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 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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Family Practice Boost Your 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 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. Work smartly!!
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Family Practice Boost Your Revenue With Minimal
Efforts
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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Family Practice Boost Your Revenue With Minimal
Efforts
Letting go even one of these services means
youre cutting down the revenue stream, and one
that can be difficult to reclaim, predominantly
when procedural skills or privileges have
failed. 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 num
ber or visit our medical billing and coding
services website for further information on a
specialty.