Patient Statements – Patient statements are a timely and costly effort for your office staff. The average patient statement costs $1.25 to send out from a provider’s office. That includes, paper, ink, toner, envelopes, stamps, labor, etc. If you outsource you’ll generally see a statement cost around $.68. If you’re a busy practice and send 600 statements a month that is a savings of approximately $4,100 a year.
Most providers would rather focus on quality care than seeing more patients. How to reconcile the financial aspect of that is the trick. Implementing more streamline procedures in the office can help make more money without seeing more patients daily. Adding services in the clinic such as CCM will also increase income without increasing the number of patients the providers sees.