It is expected that 60,000 medical practices will not reopen after the coronavirus epidemic. If you are lucky enough to emerge from this crisis you must consider the possibility that there will be more episodes like this in the future. The difference between those who survive and those who fail is not just one thing. It is largely a function of overhead determining survivability.
A practice with 40% to 60% overhead does not have the survival margin of a practice with 10% to 20% overhead. There are a number of electronic health record systems on the market that claim to eliminate the business office but they do not actually eliminate the employee overhead in most instances. We invite you however to take a look at a system that can allow a turnkey practice for a physician with a fewer number of employees depending upon volume of practice.
Simply speak/type/macro into the system generating the notes the system itself will code automatically to primary and secondary insurance and even send automated statements to your patients after insurance payment and then close out the accounting system without a human ever touching it. Many physicians are having a hard time getting employees to come back because of the excessive generosity of the federal government with enhanced unemployment benefits.
Looking forward try to imagine doing things differently. Take control of your practice and your life. We invite you to take a look at our state-of-the-art cloud-based electronic health record system. We would be happy to take you on a tour of the system at your convenience. We hope that you and your loved ones are well.
We would like to be part of a worry-free problem-free solution for your future.