If you’re operating at full (100%) capacity, or even busier, one approach to better manage your clinical workload is through adjusting fees and PPO participation. Here’s how this integrated approach can help you reduce stress while increasing profits.

Recently, I met with a Tax and Business Planning client who was interested in increasing his profitability, reducing his clinical work schedule, and developing an exit plan from his practice. This doctor was busier than he would like to be, operating at over 100% capacity. His hygiene schedule was booked out for more than 7 months and his operative schedule was booked out for 2-3 weeks as well. He sought our help in developing a game plan to reach financial independence as quickly as possible, allowing him to work because he wants to, not because he has to.

Adjusting Fees

First, we reviewed his fee schedule. While he had recently raised fees due to inflation, his fees were still relatively low for his specific zip code area.