Information sheet

The top five industry threats to your practice and how to beat them

In a recent Tebra survey, independent providers reported low reimbursement rates, declining profit margins, and rising overhead costs as some of the top challenges facing their practices today. . Get your detailed checklist on how to overcome these threats, optimize operations, and maximize revenue to build a resilient and thriving practice.
User-friendly EHR to make your job easier
Smart coding tips to maximize billing
Automate routine tasks to get time back
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FAQs

  • What are the top challenges for independent providers?

    66% of providers cite low reimbursement rates as their top challenge, while 57% are concerned about declining profit margins and 54% struggle to manage high overhead costs. 49% also feel threatened by rising healthcare costs, and 40% note staffing shortages as a major challenge.

  • How can independent practices improve their profit margins?

    Outsourcing operational tasks like billing and payroll can help practices reduce overhead costs and improve their profit margins. Implementing EHR templates and automations for routine tasks like patient charting and prescribing can help providers improve efficiency and free up more time for patient care, further boosting practice margins. 

  • How can independent providers combat low reimbursement rates?

    Providers should implement proper billing and coding practices to ensure clean claims and should always code to the highest level that their documentation supports in order to maximize their income. Additionally, providers can consider joining an Independent Physician Association to collectively bargain for higher reimbursements from commercial insurances.