How Can Pediatricians Ensure Financial Sustainability?
To maintain financial sustainability, pediatricians can adopt several strategies:
- Efficient billing practices: Streamlining billing and coding processes can reduce administrative costs and improve reimbursement rates. - Diversified revenue streams: Offering additional services, such as behavioral health or nutrition counseling, can create new revenue opportunities. - Patient volume: Building a larger patient base can help offset lower reimbursement rates and improve practice sustainability.
