Are Point of Care Testing (POCT) and Rapid Diagnostic Testing (RDT) a profitable revenue stream for your medical practice?

The adage “Don’t put all your eggs in one basket” is often used to emphasize the importance of creating multiple streams of income. This methodology helps diversify your sources of revenue, by reducing the risk of relying on a single income stream. By having multiple sources of income in your medical practice, you can better … Read more

Is Your Practice’s Bottom Line Shrinking?  Safeguarding Your Revenue – Tips on Best Practices

Is Your Practice’s Bottom Line Shrinking?  Safeguarding your revenue – Tips on best practices To ensure your medical practice remains financially stable despite annual reimbursement reductions from CMS and major payors, it is essential to monitor for any indications of revenue loss or leakage consistently.  Healthcare organizations implementing robust systems to identify issues long before … Read more