Archive for Increase Revenue
Finding the Right Mohs Opportunity – Part 1
Many solo Dermatologists or general derm practices have considered hiring a Mohs Surgeon or maybe a part-time Dermatopathologist to help increase revenue. Before making this decision, it is important that every practice conduct a cost-benefit analysis based on anticipated revenues from Insurers and Medicare and compare this to the associated cost. For this article we [...]
Quick Practice Evaluation
Take your yearly or monthly patient visits and divide this number by your total costs for that same period. This will give a rough number as to what it cost you to see those patients. There will obviously be procedures that drive the cost up but those procedures should likewise increase the revenue. This is [...]
What to Do about the Multiple Surgery Reduction?
All dermatologists have been affected by this change unless you are strictly a cosmetic derm, and now you are probably facing a host of other issues. There is no quick fix to get around this reduction rule, it has affected all dermatologists and will continue to as long as you are doing skin cancer surgeries. [...]
Excellent Advertising Resource
There are many great ways to increase revenue during this recession but one way often overlooked is in the area of advertising. The first thing that usually goes when looking at budgets is advertising and marketing. This can be devastating to a practices revenue and financial success.
It is obviously important to prioritize the expenses of [...]
It is Time!!! Put your Loupes on…….
One of the most difficult decisions for practice executives and owners is to lay off their employees. Is this the answer? Yes and No.
If you are running into a hard time because of the drop in cosmetic revenue and patients putting off procedures then you need to look closely at your costs. Your biggest expense [...]
Manage Expenses and Increase Revenue
Does the economic slump have you hurting financially? The most common answer for dermatologists is a resounding YES. We took it for granted during the good years and focused a lot of our practice on generating more cosmetic revenue while pushing the insurance patients to the side. This means that we probably lost some patients [...]
Cosmetic Dermatology Referrals
Physician World Online is the exclusive partner with CosmeticDermatology.net and FractionalC02.com and provides an easy way to increase revenue through Cosmetic Referrals. You simply pay a small $25 fee per cosmetic patient when they book their appointment. Most of these patients are being seen for botox, laser resurfacing and injectables to it is a great [...]