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PracticeWorks: Lighthouse Schedule Hole Filler
Posted by: Joel on Monday, May 12, 2003 - 11:32 PM
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1275 Reads
There is a somewhat obvious but frequently
disregarded property of your appointment book: it is a finite but
perishable opportunity for revenue generation. If you seat a
patient and produce work, you generate revenue for your practice.
However, this opportunity for revenue generation does not last
forever. Each slot in your book has an expiration date on it, and
once that time has past, that opportunity for revenue generation
can never be recovered. Furthermore, it actually costs you
money to allow an appointment slot to expire unused. There is
overhead involved in running your practice: you pay rent,
utilities, and staff salary whether or not that appointment slot
is filled. If you divide these fixed monthly expenses by the
number of hours you are open each month, you may be surprised to
discover just how much an unused hour costs you.
Given this importance, we have devised a tool
to aid you minimizing this waste: The Lighthouse Schedule Hole
Filler. This article covers the use of that tool.
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