Sunday, May 09, 2010

5 Key Practices to Help You Through This Recession

This is a tough recession--the worst I've been through certainly.  Only the fittest will survive this one.  Here are some survival tips that you can use:

  1. Focus on collections: Obtain deductible information prior to seeing the patient and collect up-front if your contract allows.  If not, use a service like this
  2. Scutinize all costs: Trim some and expand others--cost center vs profit center.
  3. Smarten up your office hours: Avoid overtime while maximizing office visits.  Use your data to figure when patients "want" to be seen and staff heavily at these times, light at others.
  4. Leverage technology: EHR, smart phones, VOIP, webforms, sms, etc
  5. Answer your phones
Good luck.
Dr Schoor