Asset-light vs. Asset-heavy Private Medical Practices

Posted by Clark Love on Jun 3, 2021 5:18:49 PM

Whether you are an administrator, owner, or someone who is involved in some way with the running of a medical practice, you are likely going to already know about both asset-light and asset-heavy medical practice designs.

If you are, however, unfamiliar with these terms, then knowing the difference between them can be extremely helpful in weighing up how to design a medical practice and where capital should be allocated.

An asset-heavy medical practice is one with a large amount of capital invested in equipment, the property and building where the practice is located, employees (with a large number of full-time employees), and essentially owns a wide range of assets that allow it to perform as many functions as possible.

An asset-light medical practice on the other hand is one that owns fewer fixed assets, with a minimized quantity of full-time employees that focuses more on using outsourcing vendors to provide patients with a full range of medical and diagnostic treatments.

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Topics: Urodynamics Testing, General Urology Information, Reimbursments, Reimbursment Trends, urodynamics staffing, hospital operations, clinical operations, urodynamics service provider, ObGyn Practices, urodynamics profitability, Medical Practice Operations, Urology Practice Trends

Improving the OBGYN Waiting Room Experience

Posted by Clark Love on Sep 17, 2018 5:09:37 PM

There’s no real love for waiting rooms. Call it the perpetual suspense, the white-coat syndrome lingers behind all modern chic designs. It’s time for practices to generate a greater practicality and explore deeper into human psychology behind waiting room worry.

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Topics: ObGyn Practices, Medical Practice Operations

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, ObGyn Practices, urodynamics profitability, Medical Practice Operations

OBGyn MSOs – What Are They And Why Do They Exist?

Posted by Clark Love on Nov 22, 2017 8:48:39 AM

With recent changes to healthcare and reimbursement, interest in management service organizations (MSOs) has increased. In years past, these services have been met with caution, as they were judged to create more risk than reward. However, recently that balance has shifted. Here, ObGyn MSOs will be discussed.

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Topics: ObGyn Practices

The Primary Sources of Patient Complaints in ObGyn & Urology Practices

Posted by Clark Love on Oct 2, 2017 1:20:28 PM

In today’s medical marketplace, physicians such as urologists and ObGyns are finding it more and more difficult to keep doors open in the face of deceased reimbursements and patients who lack medical insurance. Additionally, attracting new patients is harder than ever, thanks to the prevalence of websites which allow patients to rate their doctors, sometimes leaving bad reviews which do not adequately depict the situation from both sides.

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Topics: ObGyn Practices, Medical Practice Operations

Should ObGyn Physicians Offer Anorectal Manometry (ARM)

Posted by Clark Love on Aug 8, 2017 10:28:53 AM

When it comes to bowel disorders, there is significant overlap among various medical fields. Anorectal manometry (ARM) is a diagnostic tool used in the determination of bowel disorders such as chronic constipation and fecal incontinence. Gastroenterologists commonly administer ARM tests, but should OBGYN physicians offer anorectal manometry as well?

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Topics: Anorectal Manometry, ObGyn Practices

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