Many businessmen, especially those outside the medical sector, affirm that the formula to increase profits in this area is reduced to seeing as many patients as possible per day. An idea that of course is terrible, since many doctors already feel the negative effect of attending very quickly, both for the patient and for themselves.
The idea here is to reduce treatment times and eliminate administrative inefficiencies so you can see a manageable number of patients while greatly improving the quality of care; thus trying to maintain a balance between work and life, naturally.
But how do you get there? Well, for this it is necessary to have a good overview of what is happening and thus attack the root. If it is about improving income, the first symptom may be:
Little or no technological investment: If you are a medical professional, dentist or esthetician who uses manual methods to carry out clinical and administrative histories, it is time for you to join the digital age. But even professionals who have some semi-informal software or tools have a lot of room for improvement.
Staff with unclear competencies: By this we don’t mean that your staff aren’t busy enough; but to the way in which he coordinates the staff or the fact of having many tasks of all kinds that blur. It is very common that they are tied to tedious administrative work that could be automated and instead have the opportunity to work on higher impact projects. If you don’t delegate properly to your team, your quality of care and productivity are likely to suffer.
Unmonitored performance. How are you supposed to hit your revenue goals if you’re not keeping an eye on your practice’s collections, costs, and workflows? The consolidation of indicators and statistics of your business will have a huge impact on the way you manage your practice.
Of course, there are many more factors that contribute to the problem of low productivity and profitability, such as insurance management or cost efficiency in patient care. However, if we focus on the set of challenges outlined above, you already have the power to tackle them immediately.
Contact us and find out how you can improve the management of your office