Stop Medical Practice Revenue Loss with VALUE?

Learn how small improvements across your practice can turn revenue losses into gains.

 

Is your practice losing revenue despite steady patient flow? One practice we worked with saw a 10% drop in reimbursements and couldn’t pinpoint why. That’s where our VALUE-based approach came in. By analyzing their operations—front office, workflows, and billing—we uncovered small inefficiencies that were adding up to significant losses.

Here’s how they recovered their revenue:

1. Reducing Patient No-Shows with Automation

Their no-show rate was already below the 18% national average, but small changes—like implementing automated reminder calls and texts—reduced no-shows even further, stabilizing their schedule and improving collections.

2. Freeing Up Staff with Automation Tools

Some mid-level providers were bogged down by repetitive admin tasks. By using remote patient engagement tools and automating routine processes, they had more time to focus on patient care, improving efficiency.

3. Optimizing Billing and Collections

A deep dive into their billing showed avoidable denials and outdated payment workflows. By improving their denial tracking system and enhancing patient collection methods, they reduced claims denials and increased monthly revenue.

The Power of a VALUE Approach

By addressing key areas like no-shows, workflows, and billing, the practice didn’t just recover their losses—they increased their reimbursements by 10%. In some cases, practices using this approach have increased their revenue by up to 33%.

 

 

Learn More

Revenue loss can come from small inefficiencies across different areas of your practice. A systematic approach can highlight these blind spots and turn them into opportunities for growth.

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