4 revenue-boosting strategies used by ob/gyns
In a recent survey, 33 ob/gyns were asked what led to an improved financial state for their practice.
The 90th annual Medical Economics Physician Report was conducted by Readex Research in November 2018. The survey asked 134 ob/gyns about the reasons for an improvement in the financial state of their practice within one year. Here's what they said.
Seeing more patients
Of the 33 included ob/gyns, 20 said the main reason for a financial improvement was seeing more patients.
Change in practice model
Thirteen of the 33 ob/gyns surveyed said that a change in their practice model led to an improved financial state.
Renegotiated payer contracts
Seven of the 33 surveyed ob/gyns pointed to renegotiated payer contracts as the cause for the improved financial state of their practice.
Addition of ancillary services
Just five of the 33 surveyed ob/gyns highlighted the addition of ancillary services as the reason for a financial improvement for their practice.
Other
Of the 33 surveyed ob/gyns, six noted that their practice saw a financial improvement but the reason for this wasn't listed as an option.
Indicated at least one
All 33 of the surveyed ob/gyns selected at least one of the reasons for a financial improvement to their practice.
Comments? Email us at lwetzel@mmhgroup.com.
Have you improved the financial state of your practice? We’d love to hear your strategies! Contact us at lwetzel@mmhgroup.com