Practice Greatly Increases Margins

Updated: Dec 10, 2019


Challenge:

A brain and spine center practice generated a high volume of referrals, yet continued to experience a decrease in revenue and profit margins. This greatly hampered their ability to grow their patient load and footprint within the surrounding community.

Solution:

Jorie evaluated the practice by auditing the financials, revealing critical cash leaks and pinpointing inefficiencies.

After the evaluation, the Jorie team implemented revenue cycle management processes, including front office charge capture, coding and receivables management.

Additionally, Jorie recommended expanding the practice's service lines while reducing material costs. They led the creation and development of a pain center, an additional revenue stream for the practice.


Impact:

A 30% increase in revenue as well as a significant reduction in operational costs.  The Pain Center resulted in a 200% increase in revenue.

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