Is Your OBGYN Practice a Failing Business?

Posted by Dr. Peter Steinberg on Aug 17, 2018 9:09:55 PM

Strategic Partnering.

Is your OBGYN practice a failing business? BHN (Brighter Health Network) would like to know. So should you.You’re busy. Your parking lot has a brisk turnover and your lunches are hurried. CME costs much more than tuition when you add up the money lost while out of your office. You have good months most of the time, but you also have your “marginal” months. All the more confusing is that today’s shortfall is based on what you did six weeks ago, while the piper who demands payment demands it today.

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Topics: urodynamics profitability, urodynamics service provider, urology, urodynamics staffing

8 Ideas for Optimizing Profit in Private Medical Practices

Posted by Clark Love on Jul 10, 2018 8:22:01 PM

My company provides advanced diagnostic testing services (primarily urodynamics testing, anorectal manometry testing, and other incontinence related services) to practices all over the country.

Through our work, we are exposed to practices at all profit levels from those that are hugely profitable to those that can barely pay the bills.  Based on our work, we have compiled a few ideas below that should help any practice be more profitable.  We hope that one or two will hit the mark for you.

 

 

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Topics: urodynamics, Medical Practice Operations, ObGyn Practices, urodynamics profitability

Should Your Practice Add Ancillary Services Like Urodynamics?

Posted by Clark Love on Jul 10, 2018 7:38:11 PM

Urodynamic services can be added to your medical practice to help increase your net income. The reason for this is that additional urodynamic services can increase your revenue by increasing the cost of the service and lowering reimbursements.

Before you decide to add extra services to draw in potential patients, you’ll want to ask yourself five distinct questions. These questions can help determine if adding additional urodynamic services can benefit your business.

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Topics: Medical Practice Operations, urodynamics profitability, urodynamics service provider, ancillary services, urodynamics staffing

Making the Most of Your Practice’s Urodynamic Services

Posted by Clark Love on Jun 8, 2018 4:55:31 PM

Boosting your practice’s revenue requires you to add additional services for your patients. Some of these services should include nutrition, urodynamic testing, imaging, and an in-house pharmacy. By adding these services, you will better be able to provide your clients with better healthcare. So, how do you know that adding urodynamic services is going to be beneficial for your company?

We want to help you better understand how to give your patients enough services. Below, we will answer some questions regarding the addition of different services, especially urodynamics, and why they are good for you and your clients.

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Topics: Uroflowmetry, urology practice marketing, urodynamics profitability, urodynamics service provider

5 Ways To Increase The Profitability Of Urodynamics Testing Operations

Posted by Clark Love on Aug 24, 2017 9:01:00 AM

 

In the past, urologists have enjoyed high profit margins brought on by a slow and steady stream of patients. However, this trend has changed considerably in recent years, with an influx of patients and very thin profit margins. How can the profitability of a urodynamics testing operation be increased? Here, five methods for improving revenues will be discussed.

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Topics: urodynamics, urodynamics profitability

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