Tag Archives: revenue

Adding ancillary services carries monetary benefits, but poses risks

Independent physicians have the flexibility to add services and treatments to their clinic as patient or market demands change. Although a new procedure, test, or other service can mean more revenue and patients for your clinic, it is not a decision to be taken lightly. Each new service carries its… 

Read more »
Posted in Business of Medicine, Practice Management | Also tagged , , , , | Volume: | 1 Response

To maximize productivity, use benchmarks, delegate tasks, and download free web-based tools

Maintaining a productive clinic is a key aspect of income stability and professional satisfaction. Productivity, however, means more than just seeing additional patients. Too many patients might result in diminished quality and patients seeking care elsewhere. Without enough visits, your earnings will drop and you may not be able to… 

Read more »
Posted in Business of Medicine, Practice Management | Also tagged , , , | Volume: | 2 Responses

To avoid a cash-flow crunch, ensure that your revenue is adequate for your practice

Physicians who run their own clinics have many responsibilities: patients, employees, facilities, and their own income. Carefully tracking revenue and expenses must be a top priority, however, because a clinic cannot survive without adequate funding. “Financial review is a must for any business. In addition to stimulating growth, a review… 

Read more »
Posted in Business of Medicine, Practice Management | Also tagged , , , , | Volume: | 1 Response