Add the Most Practice Growth and Profit with the Least Expense
When you set budgets and make plans for practice growth, you might be overlooking a significant source of hidden revenue
New-patient acquisition is one of the highest priorities in most practice’s business plans, because, even among practices that have been operating for several years and have a loyal patient base, patient attrition is unavoidable. Patients move, pass away, change doctors, or just neglect to come back.
Reactivated Patients Add More Value and Provide Better ROI than New Patient Acquisition Efforts
Business experts say that generating revenue from existing patients is five to 25 times easier and less expensive than trying to attract new patients. And if your practice is typical, you already have a rich source of patients for whom you have already invested the acquisition costs. You likely have a database with up to 2,000 patients per provider whom you have treated in the past but who are overdue for treatment and have stopped responding to recall notifications. Although your office has given up on these patients, you can reactivate many of them using low-cost phone calls, emails, texts and postcards if you apply best-practices communications strategies.
Reactivating just 20 percent of these patients could become $100,000 in additional profits per provider per year, and much more over the lifetime of the patient relationship. Reactivated patients thus add revenue to your practice without the cost of acquiring new patients and after you have met your fixed expenses. They are reasonably your most valuable source for increasing revenue.
Increase Your Practice Revenue without overworking your team
Your team is busy ensuring your practice runs efficiently and patients are well cared for. That leaves little extra time to focus on bringing in new revenue. Brevium can be customized to your practice growth goals and reach out to lost patients using multiple automated contact methods and logical communication sequences to maximize conversion rates. The practice chooses the methods, order, and timing for outreach and let’s Brevium do the rest.
Start Your Free Analysis
Let us show you the Growth opportunities in your practice with a no cost analysis of your practice.
Fill out the form below to schedule a demo. Want to speak to someone now?
Just call (801) 854-5400 Opt #1
Already a Brevium client? Contact support (801) 854-5400 Opt #2
Or email [email protected]