decisionhealth Newsletters, Part B News - 2010 Issue 12 (December)
3 ways to dampen damage from services that lose money
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Article Overview
This article discusses operational tactics for medical practices dealing with services that do not cover their costs or produce only minimal margin. It is aimed at practice managers, billers, and administrators looking for broad reimbursement and workflow strategies, including ways to increase utilization, discontinue loss-making offerings, and redirect resources toward other patient services. The article focuses on business and scheduling decisions rather than detailed coding guidance.
Why This Topic Matters
It helps practices evaluate how reimbursement pressure affects service lines and consider noncoding operational responses that may improve financial performance.
What You Will Learn
- How practices can respond when a service line is no longer financially sustainable
- Ways to increase utilization of selected services through outreach and scheduling
- How discontinuing an underperforming service can free resources for other activities
- General approaches to redeploying staff time, appointment capacity, and office space
- How cost-benefit thinking can guide service-line decisions
Who Should Read This
- Medical practice managers
- Billing managers
- Physician administrators
- Healthcare consultants
- Revenue cycle staff
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