Increasing Practice Margin
How a large practice increased average revenue and contribution margin per MD
A large specialty practice reached out to explore opportunities to increase revenue and compensation. With guidance from Arrowlytics’ team of advisors, they started by addressing only a few of the 100+ total key performance indicators that the solution assesses. The practice:
- Reduced MD no-show/cancelled appointments
- Reduced PT no-show/cancelled appointments
- Reduced MRI no-show/cancelled appointments
- Increased clinical hall-space utilization
The Outcome?
Average revenue increased 14% per office-based encounter and 35% per outpatient-based surgery encounters, resulting in a financial contribution margin increase of $229,000 per physician.