Why do you need to consider new ways to enhance your revenue stream? Because the cost of everything continues to rise. . .
> Cost of doing business (i.e., rent, supplies, insurance, payroll, etc.) increase approximately six percent (6%) per year according to MGMA;
> Malpractice insurance increases by approximately seven percent (7%) per year;
> Employee costs increase approximately three to five percent (3%-5%) per year;
> Since 1992 physicians’ take home dollars has decreased approximately three percent (3%) per year for the first time since the AMA data has been collected on physicians’ salaries;
> Medicare committees continue to legislate to reduce procedure payments even further; and
> HMOs, PPOs, and large TPAs are even more aggressive in taking a larger share of procedure dollars while reducing reimbursements.
We haven’t told you anything you didn’t know – you feel the pressure everyday.
BAC Medical Marketing's job is to insure that your practice has more than enough revenue to overcome the steadily rising costs listed above, and actually increase your revenue - better than it has ever been before.