Why do I need to consider new ways to enhance my revenue stream?
The cost of everything continues to rise . . . . . .
Cost of doing business (rent, supplies, insurance, payroll) increase approximately 6 per cent* per year (*MGMA)
Malpractice Insurance increases by approximately 7 per cent per year
Employee costs increase approximately 3-5 per cent per year
Since 1992 Physicians’ take home dollars have decreased approximately 3 per cent per year (for the first time since the AMA data has been collected on physicians salaries)
Medicare committees continue to legislate to reduce procedure payments even further
HMOs, PPOs, and large TPAs are even more aggressive in taking a larger share of procedure dollars while reduce reimbursements.
We haven’t told you anything you didn’t know – you feel the pressure everyday.
Our job is to insure that your group has more than enough revenue to overcome the steadily rising costs and actually increase your revenue - better than it has ever been before.
