This blog will hopefully give other docs an inside look at the trials and tribulations of transitioning a busy solo family practice office to a third party and managed care free practice.

Friday, February 27, 2009

End of the week and end of the month

Nothing beats a friday.



Had a busy two days. Busy these days equaled 15 patients on both thursday and friday.



Stats:



3 new patients

3 renewed their wellness plan

1 established patient enrolled in a wellness plan

1 new patient enrolled in a wellness plan- this patient is presently uninsured, but his father sees the value of a primary care doc to join a monthly payment plan.



The month ended with increased revenues over January. If I take out old insurance money for Jan-Feb08, then Jan-Feb 09 shows a slight increase. Now with the larger upfront wellness plan payments, and zero copays for the rest of the year, this may decrease as the year moves forward. So I will need to continue to bring in new wellness plan patients. About 40% of my wellness plan patients are paying by ACH, autodebit from bank account, which will keep the cash flow a little more regular.



The month ends and I am encouraged. It does not take many new patient's to increase revenues, and I hope to enroll 25 wellness patient's a month. The first two months brought in 57.

The first two months of the year also breaks down as follows:

40% of patient volume is Wellness patient's
40% of patient volume is Self-pay
20% of patient volume is Medicare

I like this breakdown, and would like to increase the wellness portion to 50% by the end of the year. We'll see what happens, so keep lurking.

If anyone is reading this blog and has any comments, questions, or words of wisdom, please use the comment section. I can use all the ideas you may have!!

DoctorSH

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