When I studied economics, I learned that there are two ways for a business to make more money: either increase revenue or lower costs – or both.
Medical practices are no different but with their fees being determined largely by private (health insurance companies) and public (Medicaid, Medicare) payors, it is imperative that private practice physicians and IPAs look to new avenues to not only survive, but to flourish.
Carol Stryker from Symbiotic Solutions has written a thoughtful article on reducing operating costs that is published in Physicians Practice. Click here to read her article.