It’s not the size that matters.
When comparing frame inventories between large and small practices, it’s expected that larger practices will have larger frame inventories. But does having a larger inventory mean higher sales?
In a study conducted by the Medical Group Management Association, 23.3 percent of total patient services revenue is attributed to collections form patients. It’s an issue for many practices, with 60.1 percent of respondents reporting it as a considerable challenge.
Getting patients to pay will continue to be a growing problem – with patients facing larger medical bills due to rising high-deductible plans. You can help minimize the impact and get your practice’s revenue cycle back on track with these tactics.
A solid online reputation is vital for the success and growth of any business, small or large. In studies conducted on the effect reviews have on businesses, results show that 68% of consumers trust opinions posted online and 88% of customers trust online reviews as much as personal recommendations.