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.
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.
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