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profitability: reducing costs and maximizing revenue opportunities.
Drilling down a bit, the cost of providing eye care for patients in a
climate of stagnant reimbursements should be a priority. What does it
cost to provide that care and how can these costs be reduced through web
based applications? Alternatively, the pertinent revenue side question
is what do my patients want and how can I efficiently fulfill those
desires?
Most practices currently understand the need for a web site. It is an
efficient tool to provide information to both prospective and current
patients. Office addresses, phone numbers and the names of the providers
with brief biographical sketches are typically available. These sites
also include information about various procedures and services. As
useful as these first generation web sites are however, they are limited
in their ability to gather patient information. These sites can push
information out. There is no ability to gather information from the
patients and in this respect, they are one dimensional.
Adding a patient portal to the practice’s web site permits the
collection of information, and the ability to support two-way
communication. With this comes a tremendous increase in functionality.
Cost saving functions include making appointments, collecting new
patient information in an electronic format, paying bills by credit card
and ordering contact lenses. In addition, collecting information about
the patient’s preferences in advance enables visit planning. Each
patient’s office experience can be customized based on his or her
preferences and desires thereby increasing revenues. A visit plan might
include providing additional information prior to or during the visit
explaining the benefits of premium IOL’s, high refractive index opticals
or the latest advances in contact lenses. The visit might also include
scheduled face time with the appropriate staff such as the optical
manager or refractive coordinator.
The addition of a patient portal to a practice web site begins to
capture the potential envisioned by O’Reilly’s web 2.0. Medical
practices can utilize web based functionality to reduce their costs and
maximize revenue by fulfilling each patient’s desires.
The future is now and it’s very exciting!
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