4 Easy Ways to Increase Your Medical Practice’s Bottom Line Using DrChrono
Posted On October 24, 2018
Let’s cut to the chase — running a medical practice is expensive. Really expensive. The good news is there are ways to quickly improve the bottom line of your practice. Here are four easy ways providers can manage their overall financial health.
Book on-demand, anytime with DrChrono’s online scheduling
Put another way, about 4 out of 5 patients use the internet to find a doctor, and 3 out of 5 patients book their appointments online, but only 1 in 5 doctors offer online scheduling.
Look at that disconnect!
When patients see you’re offering online scheduling (something you can easily do with DrChrono) their physician search process will end and they’ll book directly with you. Best of all, patients will be able to book with you 24/7, helping you earn revenue whether your practice doors are open or closed.
Streamline daily patient communication through an automated approach
Manually scheduling appointments (and reminding patients of those appointments) comes at a cost. If the average medical practice handles 20 appointments a day, and each appointment requires five minutes on the phone, your front desk is losing almost two hours of productivity every day.
Those are valuable work hours that should be spent elsewhere!
Fortunately, your practice can use Artificial Intelligence add-ons with DrChrono to automate the communication process with patients.
Holly by Nimblr.ai is a fantastic, AI-powered, communication tool that integrates with DrChrono to deliver personalized appointment messages to patients, eliminating no-shows, mitigating cancellations, and giving patients the freedom to reschedule with ease
Here is an actual performance snapshot of a practice that implemented Holly:
This practice generated an extra $1800 in appointment-based revenue and cut their front desk’s workload by more than 25-hours in one month just by integrating Holly into their DrChrono EHR.
Know your patient’s habits when scheduling and follow up with them
When an appointment needs to be scheduled (or rescheduled) it pays to know about your patients and their habits. Using DrChrono, you can build detailed patient profiles (age, gender, residence, etc.) that make it easier for your office to deliver a superior patient experience. You can even use DrChrono to follow up with patients after they visit your practice. You can ask for feedback on their visit and use that information to build an even more complete patient profile.
Best of all, AI-enabled tools like Holly can create weekly reports that analyze patient no-shows, canceled appointments, and rescheduled appointments.
The insights offered in these weekly patient reports make it easy for your practice to spot patient trends and make critical patient-experience improvements that ultimately drive more money into your practice.
Know in advance what information you need from your patients during their appointment
Forget about calling your patients to tell them one small detail about their pending appointment, or to remind them to bring their insurance card. AI-enabled tools that work with DrChrono (like Holly) can send appointment-specific messages (preoperative, follow-up, new patient, etc.) to patients so you and your staff don’t have to.
And these don’t need to be generic, templated notifications either—they can be customized texts that cater to the individual patient.
This kind of personalized, appointment-specific messaging will help your practice stand apart in the eyes of patients, helping you keep existing business and increasing your referrals. That means more money for you, and more money for your practice.
And the more money you make, the better your bottom line.
Interested in learning more about DrChrono? Request a demo below and get started.
Holly by Nimblr is an AI assistant that automates healthcare appointment communication by texting with patients in natural language. She is seamlessly connected with DrChrono’s schedule, so you never have to manage additional apps.
Article by Juan Vera, co-founder and CEO of Nimblr.ai.
Juan is a serial tech entrepreneur, passionate about bridging the communication gap between customers and businesses. He is the co-founder and CEO of Nimblr.ai, Prior to Nimblr, he co-founded BlueMessaging, an AI platform for consumer engagement and Sysgold Corp an enterprise mobile platform for sales force automation.