Increase Pay per Visit In Spite of the Payors!
Can you increase your pay per visit in spite of the payors doing all they can to reduce it?
Our average practice increased their pay per visit by 7.5% between $667,727 in 2012 and $717,543 in 2013. In Q1 2014 we are seeing additional pay per visit of 5.9% growth over Q1 2013 from $169,499 to $179,531.
On the other hand, the average pay per visit dropped 4% from $92.21 to $88.81 due to the multiple procedure payment reduction rule and the implementation of Functional G codes. The Functional G codes resulted in non-payment of the initial visit and subsequent claims thereafter. In 2014 we see 2% improvement in pay per visit to $90.15.
The growth is achieved in spite of the pay reduction!
The analysis is based on an average practice’s performance to calculate their pay.
QoQ Visits growth for the average practice:
