Revenues must exceed expenses. It’s a basic business tenet that even doctors must abide by to keep their doors open.
Get a programmable thermostat. Call and remind patients of their appointments. Use medical assistants during their internship. Buy supplies at Costco. Consider remote deposit capture.
These are just a few common-sense tips primary care doctors should consider to stay in business and keep seeing patients.
topics: primary care, bankrupt
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- Does coordinating care save money, and if not, is it worth the effort?
- "It’s a miracle primary care docs make any money at all"
- Where’s the money to better pay primary care doctors going to come from?
- Medical students avoiding primary care, is it more than money?
- Will retainer medicine save primary care?
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Take a refresher on the basics of E&M coding; make sure all of your charges are set as least as high as your highest payer fee schedule; contact your payers and make a compelling case for why the services you provide are distinctive and therefore deserve a reimbursement increase; make good use of midlevels to handle some of the more basic services to free up your time for the higher level cognitive work; send your claims electronically; make effective use of your website, including offering educational materials; cross train your staff; tell your staff that you appreciate all of their hard work; shop around for new vendors periodically for everything you purchase, whether it be goods, services, or insurance, etc.; listen to your patients
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