| Medical Billing Insights |
"Simple Solutions to Your
Reimbursement Problems"
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| Thursday January 31, 2013 |
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| How will more patient visits reduce practice revenue? |
| Let’s admit that there is a realistic limit to how many patients a doctor can see in a single day and patient volume’s above or below the limit may adversely affect the bottom line of the practice. |
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| Industry Standards |
| American Medical Colleges Association projects roughly a 10-15% physician shortfall (2015 to 2020)- Shortage of 60,000 physicians by 2015 & 90,000 physicians by 2020 |
| The most obvious difference between high-and average-performing practices is that high-performing practices have a highly-refined patient flow processes in place enabling physicians to work efficiently. |
| For instance Industry experts state most eye care providers can meet a target of approximately 25 patient exams per eight hour day per doctor. However this could vary depending on various factors |
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| When more than adequate patients affect a practice’s income adversely? |
- Seeing more patients requires harder work, creates more stress and an also result in poor quality care if not handled correctly
- The extent of harm to a practice's revenue is actually proportional to the number of its scheduling inefficiencies while dealing with too many patients
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| Get The Best Solutions In RCM Consultancy |
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888 357 3226 |
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| Practice’s can make an organized approach to increase their patient volumes prudently… |
Few steps doctors can take to increase patient volumes strategically :
| 1. Analyze the time spent on additional aspects of the patient visit and try to alter them. |
| 2. Expand the current set-up by including more clinics or larger office. Read More... |
However amidst industry changes it is difficult for doctors to find time to streamline patient volumes in this manner. Getting a billing service may be imperative to improve patient volumes & flow strategically. |
| Increasing patient numbers strategically with MBC |
- Providing consultancy to help improve patient satisfaction ratings, and quality outcome
- MBC can handle the revenue cycle issues of the organization, hence helping physicians focus on patient care
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| MBC = Consultancy + RCM + Medical Coding Services |
| Highly refined patient flow processes + increased patient satisfaction |
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| Increased Practice Revenues |
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Maximized Reimbursements !
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