Practice Discovery Profile™
By using your practice’s performance data and comparing it to over twenty practice growth benchmarks, we can discover your practice’s strengths, weaknesses and untapped growth opportunities. This process typically identifies additional revenue potential of between 20% and 50% of your existing annual top line (charges and  collections). The report also makes recommendations on how to prioritize these opportunities, which are ranked by return potential and the resources needed for implementation.

Performance Data Profile Contents

Doctor Efficiency and Production
     Office Visits per Dr. Hour
     Professional Fees per Dr. Hour
     Total Collections per Dr. Hour

Staff Efficiency and Production
     Total Collections per staff hour
     Exams per Staff hour
     Staff Hours per Dr. hour
     Staffing Ratio

Practice Production and Growth
     % of new patient Visits
     % increase in total collections
     Patients seen per day
     % of collection by payor
     % of revenue by revenue source
     Accounts receivable analysis
     Cash Flow Analysis
     Income Ratios
           Charges per patient
           Collections per patient
           Collections to Charges

Expenses
     Human Resources
     Cost of Goods and Services
     Occupancy
     General Overhead
     Equipment
     Operations
     Marketing

Optical Performance
     Optical Sale per patient
     Optical Capture rate
     Inventory Turnover
     Average sales price
     Remake %

Contact Lens Performance
     Contact Lens Sale per patient
     Contact Lens Capture rate
     Inventory Turnover
     Average sales price
     Annual Supply sold

Practice SWOT Factors

Clinical Efficiency

Technology

Professional Services
       & Product Offering

Facility Design

Marketing Overview

Human Resources

Patient Satisfaction

Reimbursement Issues

Competitive Analysis