Running any business is stressful, but when you are running a medical practice, the consequences of your management decisions can have serious consequences. It’s a fine balance between being cost-efficient and being able to deliver a quality service that your patients deserve. Increasing your practice’s efficiency not only boosts you and your staff’s job satisfaction and morale but increases patient retention too. Here are 5 ways to grow your practice.
1. Technology to help
Entrepreneurs outside of healthcare would instinctively say that to boost your practice’s efficiency, you need to see more patients; however, this simply does not work within the medical profession. Doctors and healthcare providers will soon burn out and the quality of the care will slip if this is just thought of as a numbers game. The key is to reduce administrative inefficiencies.
Spend time reviewing where administrative inefficiencies are occurring. Outdated technology is one hurdle to optimizing productivity. A recent report found that manual transactions that could be made autonomous costs the dental industry up to $9.4 billion per year. This means that time is being wasted performing tasks that could be completed at a fraction of the time with the introduction of appropriate technology.
Everything from instantaneously retrieving a patient’s medical records to sending patients reminder texts of their appointment time can be streamlined to increase the efficiency. It’s not about technology replacing the human element of attending your clinic, rather it is about using technology to support the service that you provide. [Read more…]