If you’re thinking about adding an insurance plan to your office start by doing an analysis. Determine how many patients in your practice are already in the plan because their reimbursements will be lower. What would the potential loss be on an annual basis if you join the plan relative to current active patients. Then try to project how many new patients you will need in order to make up the difference and move into a more profitable position for the practice.

Management Monday: Check out Dr. Levin’s whitepaper, “The 8 Permanent Game Changers,” by clicking here.