Ebook

Revenue Decline

Revenue Decline

T op Factors Contributing to Your Practice’ s Revenue Decline And How Technology Can Help You Overcome ThemIntroduction Day in and day out, your practice is committed to caring for your patients’ well-being. But have you stepped back to look at your own practice’s viability? The COVID-19 pandemic had a significant impact on the financial health of many physician practices and outpatient care facilities. This was a result of a reduced patient volume and higher practice costs. The good news: many practices have started to recover. Physician practices nationwide saw an increase in patient volumes in Q1 2022, compared to the previous quarter — which led to an increase in physician productivity, compensation and revenue. 1 However, many physician practices are still hard hit by

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