Practice Revenue Growth Case Study

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An Internal Medicine/Primary Care office located in Union, NJ was quite overwhelmed with the overbearing costs, administrative hassles, staff issues and gross collection deficits. An administrative decision to sell the group was earnestly deliberated. With an average monthly collections between the 2 providers totaling less than $60,000 while estimated hospital based physician salary is nearly $220,000, a quick resolution was necessary. In 2011, in an attempt to save the group, Clinicspectrum was hired by the administrative team. Immediately, imperative key issues were discovered, and a revenue maximization strategy for cost efficiency was implemented.