How to Improve Practice Revenue – Identifying Patient Payers

To improve your practice’s revenue, you must identify and maximize each of the payer’s arrangements because all payer groups are important, including patient payers. In fact, patients account for a big chunk — about 35% — of practice revenue, but many providers and their financial managers fail to notice this fact because patients aren’t measured as other payer groups. As a result, many providers tend to lose out on their revenue stream, which of course, affects their profitability.