According to one recent report, the future looks unsteady for small primary care practices with 10 doctors or fewer. In fact, more than a quarter of those surveyed could foresee themselves closing up shop within the next year, according to the survey from MDLinx.
"Declining reimbursements and rising overhead costs, as usual, are to blame," said Steven Ferguson, patient management officer at Hello Health. "So what is a doctor in a small independent practice to do? One place to start looking for solutions is their in-practice technology stack – starting with their EHR.
"Yes, the EHR," Ferguson continued. "Long considered to be that unfortunate cost center that doctors have had to grin and bear, or try to avoid completely. But what if we changed that paradigm? What if we turned a cost center into a revenue center? Most doctors don’t believe us, but it’s something we’ve been doing successfully in a growing number of practices."
Ferguson outlined five ways to leverage your EHR and increase topline revenue.
To read the five tips, click here.