Over the past several years, medical practices (especially primary care practices) have struggled with their revenue streams—and the COVID-19 pandemic accelerated this trend. In an AMA survey, most doctors noted a significant drop in revenue during the pandemic; the average decrease was 32%. Addressing these issues requires a multifaceted approach that embraces both new trends in healthcare and well-established best practices. Here, our physician and medical practice attorneys suggest practical steps you can take to improve your practice’s profitability and revenue stream. 1. Identify Missed Opportunities With a Gap Analysis Even if you have a well-established medical practice, it is […]
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