- Industry News
- Law & Malpractice
- Coding & Documentation
- Practice Management
- Finance
- Technology
- Patient Engagement & Communications
- Billing & Collections
- Staffing & Salary
Patients per Month
I am an internist in my second year. What is a good number of new patients a month to add in order to build a practice in a reasonable amount of time?
Question: I am an internist in my second year. What is a good number of new patients a month to add in order to build a practice in a reasonable amount of time?
Answer: The answer depends entirely on other factors in the practice, especially your overhead and the general business model.
So, a mature practice with a typical business model has about 2,500 patients per physician (that is, patients you have seen in the past two years).
You could just estimate how many you’d need to see a month to get there.
But, there is no sense trying to get 60 patients a day if you can’t possibly handle that.
And, for another example, some these days are setting up very low-overhead practices which require far smaller patient panels to make ends meet.
So, I’d say you need a robust business plan, projecting your costs against the revenue per patient, at a minimum, and see where you need to go.
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
Reducing burnout with medical scribes
November 29th 2021Physicians Practice® spoke with Fernando Mendoza, MD, FAAP, FACEP, the founder and CEO of Scrivas, LLC, about the rising rates of reported burnout among physicians and how medical scribes might be able to alleviate some pressures from physicians.
