Increasing Practice Margin

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.