Reviewing an Orthopedic Practice’s Ancillaries

An Orthopedic Practice should like about reviewing ancillary services by looking at which procedures and tests your practice is referring out. Building practice profitability require sufficient time and effort. Having a marketing plan in place and considering the amount of time, staffing and space needed will help create a new form of revenue for the practice.

For some physicians, the decision to add ancillary services is a matter of survival rather than a choice. Before this becomes the case, carefully assess where the market potential is. Does you practice contract out to physical therapists and ambulatory surgery centers? Design a marketing plan for adding ancillary services and market to your patients accordingly. Marketing to the public might take more time but convenience and patient health will help add revenue. Understand the location of your practice and what medical procedures might be underserved in that area in order to better serve patients.