Ancillary Services

Numerous avenues exist for physicians to enhance their practice revenue by diversifying through the incorporation of various supplementary services.

Nevertheless, a significant proportion of practices have refrained from introducing new services in the recent past. “Physicians often exercise prudence, inadvertently overlooking numerous opportunities.”

In light of the ongoing pressures on physician reimbursements, the appeal of ancillary services has experienced a noticeable uptick. Primary Care Physicians (PCPs), in particular, are presented with an extensive selection of supplementary services to consider.

When selecting a new service, it’s imperative to identify one that aligns with the unique characteristics of your practice. When deliberating on a service to incorporate, it’s prudent to assess your referral patterns. There’s potential to generate revenue from services you’ve been externally referring, and bringing these services in-house can not only enhance your income but also offer comprehensive patient care while maintaining greater oversight over the treatment provided.

The domain of Personal Injury presents a promising opportunity, often overlooked due to concerns about managing it. EMC assumes the responsibility of handling the entirety of the personal injury workload, alleviating the operational load on both the practice and the physician. This strategic move opens up a substantial revenue stream that might otherwise remain untapped.

We recommend conducting a comprehensive feasibility study to ascertain whether your patient volume and insurance coverage substantiate the additional costs and regulatory obligations. While the potential for increased income is crucial, careful consideration of associated expenses is equally important.

Our repertoire includes a diverse array of revenue streams for providers to select from, with our overarching objective being the goal to “maximize profitability”!