Phil Boucher, M.D.’s Post

Attention private physician practices: if you're concerned about being bought out by private equity firms, there are steps you can take to protect your independence and profitability. One key strategy is to cut waste by preventing lost revenue from empty appointment slots. As a physician, you know that missed appointments are a common and frustrating problem. Patients may forget, cancel at the last minute, or simply not show up, leaving your staff with empty slots that could have been filled by other patients. Not only does this result in lost revenue for your practice, but it also wastes valuable time and resources that could be used for other tasks. To prevent lost revenue from empty appointment slots, consider implementing a few simple strategies: 👉🏼 Send appointment reminders: Whether by phone, email, or text, remind patients of their upcoming appointments a day or two in advance. This can help reduce no-shows and give you time to fill empty slots if needed. 👉🏼 Use a waitlist: If you have a lot of demand for your services, consider creating a waitlist for patients who want to schedule appointments but can't get in right away. This can help you fill open slots quickly and reduce the amount of time you have empty slots (OpenSpot works with any EMR and allows you to text patients off your waitlist to fill spots!) 👉🏼 Offer telemedicine appointments: If appropriate for your specialty and patients, consider offering telemedicine appointments. This can help you see more patients in less time and reduce the number of empty slots in your schedule. By taking these steps to prevent lost revenue from empty appointment slots, you can improve your practice's profitability and make it easy to stay in practice rather than selling to PE!! #practicemanagement #physicians #privateequity

Attention private physician practices: if you're concerned about being bought out by private equity firms, there are steps you can take to protect your independence and profitability. One key strategy is to cut waste by preventing lost revenue from empty appointment slots. As a physician, you know that missed appointments are a common and frustrating problem. Patients may forget, cancel at the last minute, or simply not show up, leaving your staff with empty slots that could have been filled by other patients. Not only does this result in lost revenue for your practice, but it also wastes valuable time and resources that could be used for other tasks. To prevent lost revenue from empty appointment slots, consider implementing a few simple strategies: 👉🏼 Send appointment reminders: Whether by phone, email, or text, remind patients of their upcoming appointments a day or two in advance. This can help reduce no-shows and give you time to fill empty slots if needed. 👉🏼 Use a waitlist: If you have a lot of demand for your services, consider creating a waitlist for patients who want to schedule appointments but can't get in right away. This can help you fill open slots quickly and reduce the amount of time you have empty slots (OpenSpot works with any EMR and allows you to text patients off your waitlist to fill spots!) 👉🏼 Offer telemedicine appointments: If appropriate for your specialty and patients, consider offering telemedicine appointments. This can help you see more patients in less time and reduce the number of empty slots in your schedule. By taking these steps to prevent lost revenue from empty appointment slots, you can improve your practice's profitability and make it easy to stay in practice rather than selling to PE!! #practicemanagement #physicians #privateequity

Attention private physician practices: if you're concerned about being bought out by private equity firms, there are steps you can take to protect your independence and profitability. One key strategy is to cut waste by preventing lost revenue from empty appointment slots. As a physician, you know that missed appointments are a common and frustrating problem. Patients may forget, cancel at the last minute, or simply not show up, leaving your staff with empty slots that could have been filled by other patients. Not only does this result in lost revenue for your practice, but it also wastes valuable time and resources that could be used for other tasks. To prevent lost revenue from empty appointment slots, consider implementing a few simple strategies: 👉🏼 Send appointment reminders: Whether by phone, email, or text, remind patients of their upcoming appointments a day or two in advance. This can help reduce no-shows and give you time to fill empty slots if needed. 👉🏼 Use a waitlist: If you have a lot of demand for your services, consider creating a waitlist for patients who want to schedule appointments but can't get in right away. This can help you fill open slots quickly and reduce the amount of time you have empty slots (OpenSpot works with any EMR and allows you to text patients off your waitlist to fill spots!) 👉🏼 Offer telemedicine appointments: If appropriate for your specialty and patients, consider offering telemedicine appointments. This can help you see more patients in less time and reduce the number of empty slots in your schedule. By taking these steps to prevent lost revenue from empty appointment slots, you can improve your practice's profitability and make it easy to stay in practice rather than selling to PE!! #practicemanagement #physicians #privateequity

Attention private physician practices: if you're concerned about being bought out by private equity firms, there are steps you can take to protect your independence and profitability. One key strategy is to cut waste by preventing lost revenue from empty appointment slots. As a physician, you know that missed appointments are a common and frustrating problem. Patients may forget, cancel at the last minute, or simply not show up, leaving your staff with empty slots that could have been filled by other patients. Not only does this result in lost revenue for your practice, but it also wastes valuable time and resources that could be used for other tasks. To prevent lost revenue from empty appointment slots, consider implementing a few simple strategies: 👉🏼 Send appointment reminders: Whether by phone, email, or text, remind patients of their upcoming appointments a day or two in advance. This can help reduce no-shows and give you time to fill empty slots if needed. 👉🏼 Use a waitlist: If you have a lot of demand for your services, consider creating a waitlist for patients who want to schedule appointments but can't get in right away. This can help you fill open slots quickly and reduce the amount of time you have empty slots (OpenSpot works with any EMR and allows you to text patients off your waitlist to fill spots!) 👉🏼 Offer telemedicine appointments: If appropriate for your specialty and patients, consider offering telemedicine appointments. This can help you see more patients in less time and reduce the number of empty slots in your schedule. By taking these steps to prevent lost revenue from empty appointment slots, you can improve your practice's profitability and make it easy to stay in practice rather than selling to PE!! #practicemanagement #physicians #privateequity

Attention private physician practices: if you're concerned about being bought out by private equity firms, there are steps you can take to protect your independence and profitability. One key strategy is to cut waste by preventing lost revenue from empty appointment slots. As a physician, you know that missed appointments are a common and frustrating problem. Patients may forget, cancel at the last minute, or simply not show up, leaving your staff with empty slots that could have been filled by other patients. Not only does this result in lost revenue for your practice, but it also wastes valuable time and resources that could be used for other tasks. To prevent lost revenue from empty appointment slots, consider implementing a few simple strategies: 👉🏼 Send appointment reminders: Whether by phone, email, or text, remind patients of their upcoming appointments a day or two in advance. This can help reduce no-shows and give you time to fill empty slots if needed. 👉🏼 Use a waitlist: If you have a lot of demand for your services, consider creating a waitlist for patients who want to schedule appointments but can't get in right away. This can help you fill open slots quickly and reduce the amount of time you have empty slots (OpenSpot works with any EMR and allows you to text patients off your waitlist to fill spots!) 👉🏼 Offer telemedicine appointments: If appropriate for your specialty and patients, consider offering telemedicine appointments. This can help you see more patients in less time and reduce the number of empty slots in your schedule. By taking these steps to prevent lost revenue from empty appointment slots, you can improve your practice's profitability and make it easy to stay in practice rather than selling to PE!! #practicemanagement #physicians #privateequity

Looking to boost your practice's revenue? Check out these five strategies that can help independent physician practices thrive financially. From optimizing billing processes to improving patient engagement, these tips can make a significant difference. Learn more here: https://lnkd.in/d9ckurx7 #MedicalPractice #RevenueGrowth #HealthcareInnovation #IndependentPhysicians

Found this to be incredibly insightful...Becker's article provides a critical look at the road ahead for physicians in 2025. While increased patient demand, technological advancements, and value-based care offer new growth opportunities, rising administrative burdens, staff shortages, and financial pressures continue to challenge practice efficiency and profitability. The key to success will be balancing innovation with operational efficiency, staying ahead of regulatory changes, and meeting evolving patient expectations. Read the full article for insights on how we can support our colleagues and physicians partners navigate these challenges. #PhysicianLeadership #Healthcare2025 #OperationalEfficiency #ValueBasedCare #HealthcareTrends

MPT: What are your top priorities for the coming year? "Scott: My general priorities are getting us back to fixing what I believe is a broken healthcare system. You know, I became a physician to take care of patients, and that's getting tougher every day. The healthcare system should help doctors provide good care, not get in the way. Anything that places a burden or an obstacle between a physician and their patient and providing that good care is something that I'm going to attack, and that begins with the administrative burdens, and that's followed rapidly by the reimbursement issues. For years, [physician reimbursement] has kind of been the topic that's the elephant in the middle of the room that no one wants to talk about, but it's time for us to begin talking about it, and I'm going to push it. By the same token, I'm in a rural area, so I think that things like telehealth and the continuation of telehealth are very important. And then finally, as we move into the digital medicine age and augmented intelligence -- as we call it -- we need to make sure that it's implemented in such a way that helps physicians provide better care for their patients, and does not become just another barrier and a burden on physicians. So those are really the big issues." https://lnkd.in/gpb3WW7h

Great Article Totally agree with you The model needs to change but to what ? There are opportunities to get physicians vested ie Leakage and Keepage !!

Physician Practices Struggle After Change Healthcare Cyberattack - HIT Consultant #PhysicianPracticesStruggleAfterCyberattack Physician practices are facing challenges after a cyberattack on Change Healthcare, impacting their operations and patient care. #CyberattackImpactOnPractices #CyberattackDetails The cyberattack on Change Healthcare has caused disruptions in physician practices' ability to access patient records and billing systems. #DataAccessDisruptions #ImpactOnPatientCare The cyberattack has led to delays in patient care as physicians struggle to retrieve critical information and provide timely treatment. #PatientCareDelays #RecoveryEfforts Physician practices are working on recovery efforts to restore their systems and ensure the security of patient data moving forward. #DataRecovery #PreventativeMeasures ai.mediformatica.com #physician #survey #patientcare #physicianpractices #change #cyberattack #healthcare #americanmedicalaociation #changehealthcare #healthcareit #medical #unitedhealth #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/49A5LuW)