Improving your revenues with proven business practices
Abstract: There are many things that can affect a medical practice’s revenues. External factors, such as the economy or changing demographics, can be beyond one’s control. But there are still ways that a practice can boost its revenues. It starts with proven business practices. This article discusses the need to create basic budgets, examine billing and collections thoroughly, and review all expenses, including maintenance and service contracts. It also looks at job duties, health insurance coverage and marketing efforts.