Worksheet

Your cheat sheet to financial growth

What’s the most sustainable way to grow your revenue and keep your practice thriving? Tebra surveyed over 100 independent practice owners to find out. Discover what they did and use our worksheet to uncover how you can do it successfully, too.
Diversify and recapture revenue
Reduce your patient acquisition cost (PAC)
Maximize reimbursements and payments
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FAQs

  • How can independent practices increase annual revenue?

    Consider adding new ancillary services like ECG, imaging, or labs. 51% of practices report seeing revenue growth in 90 days or less after adding new services. You can also work to recapture lost revenue from patient no-shows and cancellations by offering more flexible scheduling options and ensuring all visits run on time.

  • How can independent practices maximize reimbursements?

    61% of providers report maximizing most of their reimbursements after implementing training and digital strategies. Regularly train your front desk staff on proper documentation and coding procedures to increase claim approval rates, and use claim scrubbing tools to help minimize costly errors. Verify patient insurance and obtain necessary authorizations or referrals ahead of visits to further reduce rejections. 

  • How can independent practices attract more patients?

    54% of providers report adding up to 250 patients after enhancing their marketing efforts and refining their PAC. Hone your digital marketing efforts by increasing your online reviews, optimizing your pay-per-click ad spend, and improving your website’s SEO. Then, lower your patient acquisition cost by enhancing patient care, targeting already engaged patients, and offering convenient online booking and payment options.