“Are you kidding me?? I ran from patient to patient and put fires out all week for that???”
Have you ever gasped in disbelief when you saw your billings at the end of a week? Have you experienced a busy clinical day or week where you worked hard, saw lots of patients, and expected high billings, but only to be disappointed with the revenue generated?
Have you ever calculated how much money your practice is losing when a patient fails to show up for an appointment? Even one no show per day could result in a loss of up to $18,000 per year in billings.
If your scheduling system or receptionist is not efficient, leaving gaps in the schedule, you may be losing up to ten patient visits per week or even more adding up to another $35,000 in income loss per year.
Lost income. Two words that business owners do not want to hear.
The real challenge is identifying these inefficiencies that are affecting the financial viability and value of your practice when you, the business owner, are occupied with providing patient care and attending to other urgent matters in the practice.
Consider the possibility of recovering lost income by improving the efficiency of your practice. To enhance efficiency, an excellent place to start is by analyzing your staff communication and scheduling process to discover areas that need improvement.
With improved efficiency, your practice will start to see a return on investment soon enough! Of course, with more effective practices comes the added benefit of improved job satisfaction for yourself and the staff.
So don't delay, take action now and start reclaiming lost income!
If you're a practice owner, conducting a Lost Income Analysis can identify areas within your practice which may have a significant impact on your bottom line and perhaps in areas you may not have suspected. It is a great way of identifying how you can increase your income and improve your quality of life.
It's a crucial and beneficial task that we can assist you with.
We're here to help!