Several strategies can be implemented to increase revenue in behavioral health: Increase Revenue of Behavioral Health Practice: 1. Accepting More Insurances Apart from increased behavioral health practice revenue, accepting more insurance can be beneficial for various reasons. As healthcare providers, ...
The fact that 75% of respondents said IPM would deliver a “large” or “significant” increase in revenue speaks to the power of IPM. With businesses reporting significant losses due to Internet disruptions, IPM’s proactive and comprehensive approach is not just recommended but essential...
We’ve spoken to many people about their marketing plans, and most of them are trying to develop new ways to add more customers. While customer acquisition is great, it’s not always necessary if your primary goal is to increase revenue. Focusing on your existing customers will save and mak...
A reasonable raise in prices to maintain first-rate quality, effective customer-service, wider guarantees, and other benefits contributing tocustomer comfort and satisfactionare means of increasing revenue and profitability. Make sure to communicate such intentions properly, explain your reasons and educate...
As you plan for health care expenses throughout your retirement—however long it may be—understand how paying for future health care expenses fits into your overall retirement income planning efforts, because health care utilization tends to increase as we age. "Although health care costs continue...
Up-selling is one of the most effective ways to increase the value of low CLV customers. In this approach, restaurants try to convince the guest to add more items to their order or purchase a more expensive item than the one they originally ask for. ...
The simplest form of combination involves independent organizations sharing best practices to improve quality, increase efficiency, and accelerate innovation in care delivery. In the Netherlands, for example, seven Dutch teaching hospitals have joined together in an association known as Santeon to improve...
Still, there’s no denying that this consumer anger comes in an era that has seen health insurers rise to incredible dominance. Over the past 30 years, the biggest health care companies have become truly huge: They now make up eight of the 25 biggest companies in the U.S. by reven...
Overall, providers need to stay abreast of the economic policy changes right now. No one can say with certainty how Trump's tariffs will impact healthcare's supply chain and revenue, and to what extent. However, potential downstream effects on patient care and access cannot be igno...
Big data remains a popular buzzword in marketing circles, yet studies suggest that merely 25 percent of C-suite leaders are leveraging big data tools to do their jobs. Still, no marketer wants to be left clinging to an outdated strategy, and there is a clear trend toward devoting more ...