These informal video presentations include Q&As, insights and recommendations presented by IDOC’s team of consulting experts.
Question Of The Week
WHAT TO DO WHEN YOUR PATIENT VOLUME IS DOWN
From time to time, I’ll have a call that goes something like this: “Help! My revenues are down, and I don’t know why!”
If this happens to you, it’s useful to remember that your collected gross revenue is a function of three variables, which we could express in a formula that looks something like this:
Collected Gross Revenue = # of Patients Seen x Revenue Per Patient Visit x Rate of Collections'
In benchmark terms, you might think of patient counts as comprehensive exams and revenue p
