What is Revenue Per Visit?
Revenue Per Visit is the number of dollars you deposit, on average, per patient visit.
If you have to choose one benchmark to focus on quickly, Revenue Per Visit is it. What can it do for you?
- Identify which insurance companies are not covering your costs.
- Help negotiate with insurance companies.
- Avoid the shell game that the insurance companies play with charge-by-charge reimbursement schedules.
- Develop a sense of provider productivity.
- Compare your revenue to that of other providers.
In summary, a practice with a higher Revenue Per Visit can typically be considered to earn more money than one with lower figures, with any difference being attributable to patient volume.
For a more detailed analysis of Revenue Per Visit, read PCC's essay on The 7 Step Insurance Negotiation.
What is the Pediatric Benchmark for Revenue Per Visit?
Please note that PCC clients take advantage of PCC's practice management system for pediatricians, Partner, and PCC's practice management expertise. As a result, the increased per-visit revenue recognized by PCC clients over the last three years may not be typical, but it's a worthy goal for all pediatric practices.
How do I calculate the revenue per visit for my practice?
Using your computer system, total the number of visits for a particular group of patients (per-insurance company, per-provider, per-location, or even the entire practice) and then use that as the divisor of the total dollars deposited for those charges.
PCC clients can calculate this number at any time using the PCC Benchmark feature of srs.
