Profit Drivers in Outpatient Therapy
Every type of medical practice struggles to manage documentation and coding to ensure billing is accurate and complete so that payers can issue payments in a timely manner. Obviously, reimbursements are critical to your revenue, but these are not the areas that offer the best opportunity for increased profitability. Instead, one of the best ways to boost profits in an outpatient therapy setting is to minimize no-shows and maximize the number of patients for whom you provide care each day. While it sounds simple, reducing no-shows, which could easily cost your practice $100 to $200 per missed appointment, is much more difficult than it sounds.
Read the white paper to learn how to:
- Manage missed appointments
- Follow protocols to ensure staff take the right action at the right time
- Track referrals and authorizations
- Collect and analyze data