What are some challenges in maintaining a financially healthy pediatric practice?
Maintaining a financially healthy pediatric practice involves several challenges:
1. Low Reimbursement Rates: Especially from Medicaid, which can be a significant portion of a pediatric patient base. 2. High Operational Costs: Including staffing, medical supplies, and technology maintenance. 3. Regulatory Changes: Adapting to new healthcare regulations can be costly and time-consuming. 4. Patient No-Shows: These can disrupt scheduling and reduce potential revenue.
