I have been hearing from several practitioners who are thinking of raising their rates. This is something that is necessary especially now given inflation. Before you decide to raise your rates, consider the following:
1) Why are you raising your rates? One thing to focus on more than raising rates is getting more patients AND patient visits. Are you doing a good job with scheduling supportive care visits long-term? How many new patients are you getting every week? Are you at your target weekly visits? If you are underperforming in those areas, then raising rates is NOT a good way to make up for it. And maybe it isn't time to raise your rates. Don't raise your rates if your clinic is underperforming. Fix that problem first.
2) Having more patients on the books can = lower increase in rates. If you have 400 patients a month and raise your rates by $5.00, that is not much of a shock to the patient, yet it means $2000 more revenue per month, and $24,000 more per year. When you have more patients, you can have a modest increase in rates and still make up a lot for inflation and increased costs.
3) Similar to #2, is your practice flow working? Are you working out of 1 room? Or are you running multiple rooms and multiple patients an hour? Having an ideal practice flow may mean the ability for a more modest rate increase while getting more bang for your buck.
4) Are your patients able to afford your services now? If patients are balking at coming in more than once per week, is it financial? If you are charging $150 a visit, is it realistic for someone to coming in 2-3 times per week for 3-4 weeks? And even if they start, are they going to finish? Or are they going to drop out of care and not finish their treatment plans? Again, have an efficient practice and you can see more patients, charge a rate they can handle, see them more often and get the revenue you need. It's a win-win. (keep in mind a lot of patients claim they are broke and they aren't, but there is a tipping point and most people are paying out of pocket).
5) Cutting expenses first: Anthony mentioned this in his post above. We get lost with our subscriptions and not shopping around for better rates on things like insurance. It is easy to save $30, $50, or $100 or more per month. Just DON'T cut your subscription to the locals community since it actually makes you money. š
Thank you to @susan_beck for showing me this
Neat little feature on the Locals Phone app.
Bookmarks Help you save post and videos that you want to go back to later.
Give this a read after you watch the video: https://pmc.ncbi.nlm.nih.gov/articles/PMC7689775/
I have a patient with post herpatic neuralgia affecting his upper back and chest. I have been treating him 3x a week with the upper perfusion treatment, first at 2hz, then at about treatment 6 with mixed frequency from 2hz-100hz. I have treated him 8 or 9 times with no change. Should I be doing something different?
Hello!
I started treating a patient (male 80y, very active ā former professional athlete) who had radiation therapy (2024) applied to his throat and lower face areas, following a throat cancer. The radiation therapy had a heavy impact on his salivary glands, resulting in xerostomia (dry mouth).
The principles of my treatment plan include:
1. Electroacupuncture: Stimulate the involved nerves, i.e. the parasympathetic fibers of the glossopharyngeal (parotid gland) and the facial (submandibular & sublingual glands) nerves.
2. Electroacupuncture: Increase blood flow to the salivary glands.
3. Manual acupuncture: Improve the overall body fluids metabolism (TCM approach).
As for the EA, I am applying the 2-needle technique to the following pairs:
2Hz: RN23 ā SI17 (for submandibular & sublingual glands)
5Hz: SJ17 ā ST7 (for parotid gland)
QUESTIONS:
1. Did anybody have a similar case? If yes, how did you treat it and with what level of success?
2. Do you think that the ...
51 year old man with bilateral hand and wrist pain, numbness, and weakness. He gets numbness and tingling in 4th and 5th fingers and pain in thumbs and thenar area. Hands feel cramped and like they need to be stretched open. Weakness and zinging pain on gripping objects and opening jars, loss of hand strength.
Onset has been recent, over a 2 month time period.
I know itās systemic but I did EXSTORE anyway and didnāt find anything that seemed like it would contribute to this. L side supraspinatus and serratus inhibited.
I have been doing perfusion treatment around c7-T3 twice a week for 2 weeks with no effect. Any thoughts? Not sure what else to do or test.
