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How will More Patient Visits Reduce Practice Revenue
1. How will more Patient Visits
Reduce Practice Revenue?
Presented By
Medical Billers and Coders
2. Let’s admit that there is a realistic limit to how many patients a doctor can see in
a single day. Additionally amidst the current physician shortage it becomes
increasingly clear to physicians that patient volume’s above or below a limit may
adversely affect the bottom line of the practice.
Industry Standards
American Medical Colleges Association projects roughly a 10-15%
physician shortfall (2015 to 2020)1. Shortage of 60,000 physicians by 2015
2. Shortage of 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 that enable their physicians to work much more efficiently.
For instance Industry experts state most eye care providers (ECPs) can meet a
target of approximately 25 patient exams per eight hour day per doctor. However
this could vary depending on various factors
Various practices sometimes due to physician shortages may over cross their
patient limit - leading to reduced patient satisfaction.
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3. Dissatisfied patients are likely to harm a practice as it would lead to a decline in
future referrals from the right sources besides marring the practice's reputation.
Moreover while combating attrition means replacing one patient with another; it
does so at a high cost to the practice - eventually hindering the practice
revenue.
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
These scheduling inefficiencies may include - late provider arrivals,
overabundance of same-day appointments, excessive appointment durations,
unmanaged no-show frequency, and inadequate planning for peak demand
cycles –leading to unhappy patients.
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357 3226 (Toll Free)
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4. Practice’s can make an organized approach to increase their
patient volumes prudently…
The goal of any business, including a practice, is to increase income to its
shareholders by selling more to every patient, hence few steps doctors can take
to increase patient volumes strategically:
Analyze the time spent on additional aspects of the patient visit and try to alter them or
delegate them.
Expand the current set-up by including more clinics or larger office.
Review the staffing needs to cater to more patients.
Attract new patients from the better performing payers hence helping strengthen
practice finances.
Gain an understanding of the clinics patients, their reason for entering the practice, and
if this is a desirable strategy for the practice’s stability.
Present the practice as the most desirable choice for consumers and referring
physicians.
However amidst industry changes it is difficult for doctors to find time to
streamline patient volumes in this manner along with concentrating on billing,
patient care and other administrative activities.
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357 3226 (Toll Free)
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5. Industry changes increasing patient flow volumes
Although the shortage started much earlier, the new law will make matters
worse with physicians likely to retire early or reduce work hours in response
to the new healthcare reforms
Specialties such as Primary Care are overloaded with work and are unable
to attend to new patients
With the anticipated Medicare cuts various doctors may no longer accept
new Medicare patients, which is already the trend with many doctors today
Physicians hence may find it imperative to get a specialized billing service to
help improve patient volumes strategically.
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357 3226 (Toll Free)
www.medicalbillersandcoders.com
6. Industry changes increasing patient flow volumes
Increasing patient numbers strategically with MBC
Providing consultancy to help improve patient satisfaction ratings, and quality outcome
MBC studies the revenue cycle issues of the organization, offer advice in implementing
changes for improvement, hence helping physicians focus on patient care & hence
increase patient satisfaction
A sure way to increasing practice revenue is through improved provider coding
resulting in increasing revenue by as much as 20% or more, without any increase to
patient volume. MBC’s experienced coding experts offer accurate and quick results to
help increase practice revenue
MBC provides physicians advice on maintaining efficient scheduling processes and
readily understand the connection to their bottom line. MBC works with physicians to
enable the very best patient experience
MBC =Consultancy + RCM + Medical Coding Services
Highly refined patient flow processes + increased patient
satisfaction
Increased Practice Revenues
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357 3226 (Toll Free)
www.medicalbillersandcoders.com
7. About Medical Billers and Coders
Medical Billers and Coders is the largest consortium of Medical Billers and
Coders in the united States. Our aim is to help the physician community to
reach the right expertise at the right location at the right time.
Thank You!
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