Revenue per Patient Visit

[Dermato Fight Club]

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I just calculated my revenue per patient over the past three years. I figured I'd put this info into a thread for other people to get a sense of numbers when they are negotiating contracts. Obviously, things change from region to region and with what insurances you take etc. But I feel like this is probably a good start.

If anyone else wants to put their number here, please go ahead.

I calculated that over the past 3 years I've averaged $143 per visit. I was the lowest in my group from $143-$181. Median $153. Mean $157.

I just wanted those people getting out to have another data point to understand how many patients they need to see in order to make x income.

For instance, if you want to make a salary of 250k, and are being paid 30% of collections, you need to be seeing 22-23 patients a day 5 days a week for 48 weeks.

Keep in mind though, we do not separate DME. So this is with DME being added to the collections. We also do not take medicaid.

 

[pod squad]

Does this include cash pay services/ancillaries as well? Or just insurance payments?

 

[Dermato Fight Club]

Does this include cash pay services/ancillaries as well? Or just insurance payments?

It includes cash pay for self pay patients and uncovered nail care which is likely why mine is low. I don't do a lot of it but I'm the only one that does non covered nail care.

It doesn't include like if we sell a pair of powersteps. We don't really sell anything else.

 

[air bud]

I just calculated my revenue per patient over the past three years. I figured I'd put this info into a thread for other people to get a sense of numbers when they are negotiating contracts. Obviously, things change from region to region and with what insurances you take etc. But I feel like this is probably a good start.

If anyone else wants to put their number here, please go ahead.

I calculated that over the past 3 years I've averaged $143 per visit. I was the lowest in my group from $143-$181. Median $153. Mean $157.

I just wanted those people getting out to have another data point to understand how many patients they need to see in order to make x income.

For instance, if you want to make a salary of 250k, and are being paid 30% of collections, you need to be seeing 22-23 patients a day 5 days a week for 48 weeks.

Keep in mind though, we do not separate DME. So this is with DME being added to the collections. We also do not take medicaid.

Is the office manager the owners wife?

 

[AttackNME]

The problem with joining a podiatry group is that the new guy is taking patients away from everyone else. It’s hard to be so busy and so niche that the group can fill new associates without suffering. That’s why multi specialty groups or ortho makes sense for pods to join, they already need to refer out, easier to fill the new guy’s clinic. No shade, it’s just business.

 

[Feli]

I was at $161/visit startup year, $176/visit last year.
Those include no OTC... does include $0 post op globals dragging avg down and orthotic pickups I seldom charge for.

I also don't have XR in office (hospital lease).
I do full scope pod mix elective/sports/DM/derm/RFC/trauma. I do zero of the scam wound "grafts."
I take all area payers (NMex is over a third MCA overall, not even joking... but not that high in my area/county).

Is the office manager the owners wife?

Nah. His wife makes a lot more than any office mgr - and more than most podiatrists (podiatry key to success #1: high income partner).

Ditto for my partner... she's the office IT fix chica maybe every month or two, but if I asked her to work with me daily and take 80% pay cut...

 

[AttackNME]

podiatry key to success #1: high income partner

you should write a letter to podiatry schools and suggest a course titled Rizz 101 and offer to teach it for free since you got a sugar momma anyway

 

[Feli]

you should write a letter to podiatry schools and suggest a course titled Rizz 101 and offer to teach it for free since you got a sugar momma anyway

Shoot... it would be much better than advanced research, geriatrics, public health, underfilled student clinics, VA "clerkship," and a lot of the non$en$e that pod schools make students pay big money for.

 

[air bud]

How about RVUs per patient encounter?

Anyone got that? 2.25? 2.5?

 

[Hybrocure]

How about RVUs per patient encounter?

Anyone got that? 2.25? 2.5?

What’s an RVU

 

[heybrother]

What’s an RVU

1. The hospital gets $1000.
2. The doctor gets $100.
3. The American people go bankrupt.

 

[Feli]

How about RVUs per patient encounter?

Anyone got that? 2.25? 2.5?

va/ihs = 1
univ hosp pod = 1.5
private hospital pod = 2
Retro = 9
actually collected = who cares, dpm got paid

 

[air bud]

va/ihs = 1
univ hosp pod = 1.5
private hospital pod = 2
Retro = 9
actually collected = who cares, dpm got paid

 

[eyeeye_captain]

Great thread topic, thanks for reminding me to run my YTD. It’s extremely important to know your numbers while hopefully not obsessing over them.

One of the underrated parts of the original post is knowing what everybody else in a group is making too. Open books make practices democratic and have happier docs (or in solo, at least you and/or your office manager wife). I can only hope the hospital employed folks get their real metrics as well.

 

[air bud]

Great thread topic, thanks for reminding me to run my YTD. It’s extremely important to know your numbers while hopefully not obsessing over them.

One of the underrated parts of the original post is knowing what everybody else in a group is making too. Open books make practices democratic and have happier docs (or in solo, at least you and/or your office manager wife). I can only hope the hospital employed folks get their real metrics as well.

Yes, I get monthly reports. And catch errors. When I started I tracked daily and then compared. Need to get back to it. Too many errors

Hospital employed people....nobody cares how much you get paid more than you.

Now my last job...refused to give docs numbers. Everyone salary. I didn't care because I knew I was leaving within 3 months of being there. But no idea how hasn't been mutiny across board.

 

[Bluecollarmed]

We run 6 month evals for production (hospital employed). Should be every quarter but I talk to our coders weekly and they send me a message if they have questions or are making changes.