New Years Resolutions

This is a great time to evaluate your practice in order to effectively plan, change and grow into the future.  Here are a few considerations some practitioners are asking themselves…

• How have we preformed against the rest of the medical community? Revenues? Costs?
• Have you evaluated your payer mix to evaluate the trends?
• Do we need to plan on renewing our lease or relocating this year or early in 2007?
• How can we improve our efficiency per square foot?  Revenue per square foot?
• How can we improve our rent to revenue ratio?
• Are there any services we can add to our practice to generate more revenue?
• What systems can we implement to control our costs?
• How accessible are we to our patients?  Can we become more accessible?
• What type of marketing have we implemented in 2006?  How is it working?  What can we do in 2007 to get more exposure?
• How are our reimbursements for our services?  What can we do to increase our reimbursements?
• How protected are we in regards to malpractice?  What can we do to eliminate more risk?
• How well are we tracking our patients?  Electronically?  How can we stay in contact with the more?
• What can I do to protect and grow my assets in 2007?