Case Study

Three Ways to Improve Your Physician Practice Revenue

Three Ways to Improve Your Physician Practice Revenue

Physician groups must look for every opportunity to strengthen financial performance. While optimizing revenue cycle performance is an essential part of this process, equally important is identifying ways to improve three other critical, but often overlooked, aspects of the practice: staffing, business overhead, and payer contracts. Gains made in the areas of staffing, overhead, and payer reimbursements can contribute to more effective recruitment and retention as well as boost financial performance in the long run. Solving the Staffing Puzzle Physician compensation and benefits represent by far the biggest portion of cash outflow for any physician practice, be it hospital or office-based. Physician staffing levels should be assessed to balance demand for services and the financ

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