123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Health >> View Article

How To Generate More Revenue Through Your Medical Practice | Emedevents

By Author: eMedEvents
Total Articles: 32

Providing excellent patient care while maintaining a financially healthy practice is every practitioner’s bottom line. With each new healthcare system implementation, many new modifications are added to medical billing rules and regulations and any error could quickly lead to fines and uncollected revenue. For example, a simple coding practice error in paperwork could take several weeks to get resolved by insurance companies.

As a practitioner, we recommend you consider the following five steps to help generate more revenue through your medical practice.

How to Generate More Revenue Through Your Medical Practice

Payment options:
Increase revenue by offering multiple payment options such as cash and online payments in addition to filing the insurance claim. Whenever a patient’s insurance does not cover procedures or services, offer them alternative payment options. Providing flexibility to your patients will make it easier to retain them in the long run.

Curb your wait time:
Before even booking the appointment, offer services such as check your symptoms online, gather patient records before the visit, maintain a strict policy on cancellation, late arrivals, and no-shows, and give out forms to patients that they can complete at home instead of in your waiting room. Having a clean and well-designed practice layout also helps patients relax while they wait for their doctor's appointment.

Cross verify insurance plans:
Having a trained staff that can quickly nab any lapse in insurance coverage including any expired insurances could save a lot of headaches in the long run. Get a copy of the insurance every time the patient visits to help avoid any issues with revenue bills.

Apply for government and private contracts:
Applying for capitation will provide you with another source of income for your practice and introduce you to a new set of patients. There are 3 types of capitation to choose from: Primary Capitation, Secondary Capitation, and Global Capitation. Also, consider applying for federal and private grants that are aligned with your practice.

Cross-Selling Products:
Another option to improve your revenue is to sell products that will help patients achieve their medical goals. An example is selling skin care products at your practice if you are a dermatologist. You can also consider providing other medical services such as rehabilitation, various therapies, and other medical services that will attract more new patients.

Apart from these ideas, consider attending CME medical conferences that help you achieve optimal patient care. At eMedEvents, we have a wide variety of medical conferences that you can choose from based on your preferences of Location, Speaker, and Specialty.

eMedEvents is the largest online database for CME events and medical conferences around the world. Here you can browse through thousands of conferences in 147 countries. Search by speaker, specialty, and location to find your next conference. Want to manage your CME on the go? Try the eMedEvents mobile app. Find your next great medical conference online or in one of more than 3500 other great cities around the world.

More About the Author

One stop solution for all National and International CME Medical Conferences, meetings and workshops for Physicians and Healthcare Professionals.

Total Views: 42Word Count: 476See All articles From Author

Health Articles

1. Self Pay Medicaid Insurance Discovery
Author: Wayne Gill

2. Painless Injections In Phoenix That Enhances Your Beauty
Author: Eddie Patterson

3. Best Website To Order Weed Omline
Author: Klinns John

4. Enhance Your Physical Health With Sports Massage In Perth
Author: Michael Devine

5. How To Make Our Body Fit With Fitness Tips To Be In Good Shape
Author: Get Fit First

6. Can Wisdom Teeth Reverse My Orthodontic Treatment?
Author: Joshua Su

7. Unearthing Myths On Hemp Use For Your Pet
Author: What is Hemp

8. Questions You Might Want To Ask Your Hygienist
Author: romyfernandis12

9. How You Can Better Control Your Child’s Worst Fears Of The Dentist
Author: romyfernandis12

10. Ways Dental Practitioners Calm You While In The Seat
Author: romyfernandis12

11. Must I Go To The Dental Professional When I Am Sick?
Author: romyfernandis12

12. Comprehending The Facts The Dental Vocabulary
Author: romyfernandis12

13. Valuable Reasons For Dental Care Consultation Services
Author: romyfernandis12

14. How Good Are Dentistry X-rays?
Author: romyfernandis12

15. Cavities: How And For What Reason Do Dentists Fix Cavities For Kids?
Author: romyfernandis12

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: