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

Why Don't Medical Practices Outsource More?

Posted by Clark Love on May 19, 2021 9:14:45 PM

For any USA-based medical practice, there is a wide range of benefits that comes with outsourcing. As the healthcare industry becomes more competitive, outsourcing non-core services can help practices improve patient experiences and outcomes while also helping to create additional revenue without the need for training their own staff or investing in expensive equipment and facilities, all of which is handled by the specialized healthcare professional who is outsourced to.

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Topics: Urodynamics Testing, BHN, Reimbursement, outsourcing diagnostics, Reimbursments, urodynamics equipment, urodynamics staffing, clinical operations, urology, urodynamics interpretation, urodynamics service provider, male urodynamics, urodynamics billing, ObGyn Practices, UroGynecology

List of Largest Urogynecology Practices in the U.S.

Posted by Clark Love on Dec 6, 2018 2:46:04 PM

National listing of the largest urogynecology practices operating within the U.S.

Urogynecology practices across the U.S. have changed considerably over the last decade. Many practices have merged and increased in size in order to be more competitive and deal the complexities of insurance, Medicare, and Medicaid reimbursements. Additionally, these practices have starting taking on more diagnostic and treatment services that were traditionally done in hospital settings. These services include minor surgeries, CT scans, urodynamics testing, and more. A listing of the largest urogynecology practices in the U.S. is provided below:

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Topics: urodynamics, urodynamics staffing, ObGyn Practices, UroGynecology

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

10 Mistakes Medical Practices Make with Their Website Marketing

Posted by Clark Love on Aug 10, 2018 1:25:28 PM

Medical Practice Website MistakesI am the CEO of a service provider that provides diagnostic testing services to over 300 medical practices across the country. Our clientele ranges from the sole practitioner to extensive multi-specialty practices, to everything in-between. I am also the former Chief Marketing Officer for a top digital marketing agency in Chicago.

My staff and I are continually researching customers and prospects; therefore we are regularly reviewing medical practice websites. Through our work and research, we have made a few notes on where medical practices make mistakes with their sites. Below are a few of the most significant mistakes we typically see.

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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 OB-GYN Practices Provide Incontinence Care?

Posted by Clark Love on Aug 9, 2017 3:42:54 PM

Incontinence is an uncomfortable subject that affects millions of men and women worldwide. Traditionally, an incontinence sufferer would visit his or her primary physician and then be referred to a urologist, depending on symptom severity. Recently, a number of OB-GYN practices have begun offering incontinence care. Here, whether OB-GYN practices should provide care for incontinent patients will be discussed.

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Topics: urodynamics, incontinence, ObGyn Practices

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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