Take back control of uncompensated time
Tips for making the most of your revenue.
Physicians spend a significant amount of their workdays-probably 20% or more-on uncompensated tasks thanks to a barrage of regulatory requirements, says Joseph Valenti, MD, a board member of the Physicians Foundation, a nonprofit physician advocacy group.
“This equates to at least $50,000 of lost revenue per physician annually,” he says. “This magnitude of uncompensated time often leads to physician burnout and forces many physicians to close their practices.”
See the slides above for some tips from board members on reducing the amount of uncompensated time you spend in your practice:
Health care’s 2025 revenue cycle imperative: Reduce administrative waste
January 22nd 2025Given that so much of the high costs associated with running a healthcare business remains outside of the organization’s control, financial leaders will have to consider how they can impact the one area that is in their control in 2025: reducing administrative waste.
