16 Aug
How Health Can Increase Your Profit
Today we’ll look at two easy ways innovative health systems and hospitals can grow their patient population and increase overall revenue: by optimizing physician referrals and decreasing appointment no shows. One of a health system’s largest sources of revenue is referrals from specialty clinics and physician groups.
Independent and employed physicians generate an average of about $2.38 million each for their affiliated hospitals, according to survey results released by Merritt Hawkins last year.
In general, hospitals make more money from your patients who will undergo surgery. The procedures are usually reimbursed at a higher rate then a typical medical patient who only generates a daily room rate for their care.
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