Tebra surveyed 122 small private practice owners to uncover their biggest cost burdens and where they’re making up for them.
According to the report, practices that expanded their offerings are seeing rapid returns, with 28% reporting revenue boosts within 30 to 59 days of launching new services.
Here’s a breakdown of the ancillary services that private practice physicians offer:
- Laboratory services:34%
- Radiology and imaging: 32%
- Nutritional counseling and weight loss programs: 27%
- Electrocardiograms: 19%
- Pain management treatments: 18%
- Addiction medicine: 14%
- Spirometry for lung-function testing: 14%
- In-house pharmacy services: 10%
- Implantable contraceptives: 6%
- Holter monitoring for heart rhythm: 4%
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.