Comments on: Is It True 30% of Doctors Think Their Revenue Will Increase?

By: Daniel Schroder

Daniel Schroder — Wed, 07 Apr 2010 17:52:47 +0000

I think our revenue will increase some in 2010, but the biggest change is the decrease in expenses. We have founds ways to cut waste, renegotiate rents and contracts, price shop, recycle, and run a leaner practice. This has reduced non payroll expenses by 25%. That is the one good thing that has come out of the bad economy; people are more cost conscious, which has allowed us to be the same.

By: Sherry Krueger

Sherry Krueger — Wed, 31 Mar 2010 22:56:21 +0000

I have had the opportunity to interview many physicians now and I will continue my crusade to so so and try to bring you more information. I thought this was an interesting topic as we are split with many of you seeing more income. As I interviewed these doctors, the practices making more money are as I thought NOT making more money on insurance or Medicare etc, but rather on the cash medicine side of practice. Where the offices that are doing business as usual are the practices that are seeing the steady drop in revenue due to insurance and Medicare cuts as well as patient loss of jobs etc. Just food for thought guys! If you see someone on here tht says their income is up, ask them WHAT they are doing!

By: Linda Seim, DC

Linda Seim, DC — Tue, 23 Feb 2010 22:55:55 +0000

The only way our revenue will go up is if we see more patients. All the managed care plans have decreased our allowable amounts so we are already being paid less per service than last year.

By: TERI

TERI — Tue, 23 Feb 2010 22:30:20 +0000

30% is a very high goal. In the past 10 years our practice has been in the 5% to 10% increase. I can say we do not look for much more than 5% for 2010. Insurance companies are paying for fewer services.
Write off has increased by 67% over the last 10 years.

By: Debbie

Debbie — Tue, 23 Feb 2010 17:22:05 +0000

The insurance companies revenues are up and Doc’s are down- thanks to more financial responsibility being layed on the patient in deductables and copays, getting that money from the patient is like pulling teeth.

By: Linda

Linda — Tue, 23 Feb 2010 13:19:40 +0000

It is hard to say one way or the other. Based off our observation, we think it has a lot to do with geographic location of your practice and your specialty. We seem to be running about even with last year at this point. Our physicians don’t seem that optimistic but we sure do what we can to change that! Life much easier when their happy.

By: Ray

Ray — Tue, 23 Feb 2010 03:13:46 +0000

I think I’ll have 20% more hair this year also.

By: Ada del Rivero Yamuy

Ada del Rivero Yamuy — Tue, 23 Feb 2010 02:02:17 +0000

Usually January and February are very busy months for my practice.
I am a General Practitioner my office is in Los Angeles CA.For my surprise this January and February the number of patients drop in an average of 25%, and so did my gross income.A lot of my established patients are loosing their jobs and health Insurance.
That is my personal experienced.

By: Dr. Scott

Dr. Scott — Mon, 22 Feb 2010 23:18:50 +0000

Sorry about the typos in that last post – can’t change ‘em once you hit ‘submit’…

By: Dr. Scott

Dr. Scott — Mon, 22 Feb 2010 23:18:15 +0000

Our revenue us already up. I haven’t received the official dollar amount from the accountant, but compared to this time last year I believe we’re up about 20% in gross revenue. In addition to that, we’re about 30% busier than we were this time last year regarding patient volume, so the potential income is much higher than 20%.

I’ve dropped the pessimistic attitude, though, and I’m looking ahead with optimism, amongst other things…

dr. scott