1. Is it a fairly new practice ?- Not many patients on you schedule- then focus on Marketing & Referrals management. Get contracted with PPO insurances and may be add HMO if really required.
2. Is it an established practice? Most common cause of an establish practice failing is "patients are not happy with attitude of front office or Billing habits" -correct those and focus on online reputation.
3. An establish practice - no making practice with a full schedule- SERIOUS PROBLEM- call an analyst- check you billing, AR and may be even negotiate fees with insurances or consider evaluation for embezzlement.
I specialize in Medical Practice Launch. Already launched 7 family practices, 3 pharmacies and 2 dental clinics. The method is simple. Plot your patient journey online, find leverage points and utilise digital tools to your advantage. Digital is deep and cheap. All patients live online from Cancer patients to pregnant ladies.
If you need help I am willing to assist. Let me know
Provide tangible value to your patients. Find out what they really need and give it to them. You may also want to consider offering telemedicine or joining a telemedicine network like ROWE Docs. You may be able to build a referral relationship from some of the other physicians in the network. Lastly, you may also want to start investing in conferences specifically for physicians who are in private practice or even hiring a business coach to help you evaluate (and maybe reinvent) your business. I wish you the best in saving your business.
Contact someone who can look into your billing and coding as well as bring in a steady income stream (services). Also, is your staff customer service oriented? How are patients treated? Are patients encouraged to post about your clinic and alos give referrals?
Focus on your options, reevaluate where the problems may have shown up. If there were clients who seemed to have challenges or your staff not cooperating you may want to change how your practice functions with rules, accounting practices, etc.
get the hell out of Chicago, there are plenty of rural markets that can help you. where you be the only dr in town. Overhead would be less. I lived in Illinois for some time and visit there.
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First ask why is it failing? Then start addressing the problems. It is the clinic, the area, the clientele
Well, is your practice failing because of
1. Is it a fairly new practice ?- Not many patients on you schedule- then focus on Marketing & Referrals management. Get contracted with PPO insurances and may be add HMO if really required.
2. Is it an established practice? Most common cause of an establish practice failing is "patients are not happy with attitude of front office or Billing habits" -correct those and focus on online reputation.
3. An establish practice - no making practice with a full schedule- SERIOUS PROBLEM- call an analyst- check you billing, AR and may be even negotiate fees with insurances or consider evaluation for embezzlement.
I specialize in Medical Practice Launch. Already launched 7 family practices, 3 pharmacies and 2 dental clinics. The method is simple. Plot your patient journey online, find leverage points and utilise digital tools to your advantage. Digital is deep and cheap. All patients live online from Cancer patients to pregnant ladies.
If you need help I am willing to assist. Let me know
TT
Provide tangible value to your patients. Find out what they really need and give it to them. You may also want to consider offering telemedicine or joining a telemedicine network like ROWE Docs. You may be able to build a referral relationship from some of the other physicians in the network. Lastly, you may also want to start investing in conferences specifically for physicians who are in private practice or even hiring a business coach to help you evaluate (and maybe reinvent) your business. I wish you the best in saving your business.
https://www.fiercehealthcare.com/practices/10-w...
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Contact someone who can look into your billing and coding as well as bring in a steady income stream (services). Also, is your staff customer service oriented? How are patients treated? Are patients encouraged to post about your clinic and alos give referrals?
Focus on your options, reevaluate where the problems may have shown up. If there were clients who seemed to have challenges or your staff not cooperating you may want to change how your practice functions with rules, accounting practices, etc.
Assess the source of this and then work on the fine details within it.
get the hell out of Chicago, there are plenty of rural markets that can help you. where you be the only dr in town. Overhead would be less. I lived in Illinois for some time and visit there.