February 20, 2024
Navigating Change in Otolaryngology: Strategies for Growth and Success
- by Jesse Overbay, JD, Associate Director
In the rapidly evolving landscape of Otolaryngology, embracing change is essential for driving patient volume and revenue while ensuring practice sustainability. As advancements in technology, shifts in healthcare policies, and changing patient preferences reshape the industry, Otolaryngologists must adapt and innovate to thrive. Here’s a detailed look at how ENT practices can embrace change and implement best practices to drive patient volume and revenue in-office.
Embracing Technological Advancements:
- Telemedicine Integration: In-office visits are no longer the only option for patient consultations. By integrating telemedicine solutions, Otolaryngologists can offer remote consultations, follow-ups, and post-operative care, expanding their reach and accommodating patients who prefer virtual visits. Through at least 2024, providers can provide patient care via telehealth, and charge for the services, as part of The Centers for Medicare and Medicaid Services 2024 Physician Fee Schedule.
- Patient Engagement Platforms: Utilizing patient engagement platforms enables practices to enhance communication, provide educational resources, and streamline appointment scheduling and reminders. These platforms improve patient satisfaction and retention while driving repeat visits and referrals. Many Electronic Health Record (“EHR”) systems incorporate basic patient engagement tools such as automated patient appointment reminder calls and texts. Additionally, following up with patients after visits by email or text to ask for positive feedback can drive patient reviews and even increase patient collections if balance information and links to payment options are presented timely.
Driving Patient Volume and Revenue:
- Expand Service Offerings: Diversifying service offerings beyond traditional ENT care can attract new patients and increase revenue streams. Consider incorporating ancillary services such as allergy testing, audiology services, or facial plastic surgery to meet the comprehensive needs of patients. A well-run ancillary can generate as much or more for an ENT practice as traditional ENT services while providing important care to patients. Hearing aid sales and service, along with allergy testing and treatment, can be extremely effective for both patient retention and revenue generation.
- Optimize Appointment Scheduling: Efficient appointment scheduling is critical for maximizing patient volume and revenue. Implementing advanced scheduling systems that minimize wait times, optimize provider availability, and accommodate urgent cases can enhance patient flow and practice efficiency. At DoctorsManagement, one of the most common complaints we hear from the staff at ENT practices is the patient wait times, in-office communication from providers and management, and the overall “flow” of the practice. Often, all of these concerns can be minimized by conducting a schedule utilization analysis to ensure that provider schedules are being templated appropriately and then optimized for an efficient schedule.
Best Practices for Adaptation:
- Continuous Education and Training: Otolaryngologists and practice staff should prioritize ongoing education and training to stay abreast of the latest advancements in the field. Investing in professional development ensures that the practice remains at the forefront of innovation and delivers high-quality care. Education includes both external and internal components: sending providers to relevant, high-quality CME sessions and then disseminating the information to all relevant staff once the provider is back in the office.
- Proactive Compliance Management: Given the evolving regulatory landscape, practices must prioritize compliance to avoid penalties and safeguard patient trust. Establishing robust compliance protocols, conducting regular audits, and staying updated on regulatory changes are essential best practices. At DoctorsManagement, we’ll explore this in a follow-up blog post but please be aware that having an actively implemented OIG Compliance manual is vital to the ongoing success of your practice.
- Patient-Centric Approach: Adopting a patient-centric approach is key to success in today’s healthcare environment. Practices should focus on delivering personalized care, fostering strong patient-provider relationships, and actively soliciting patient feedback to drive continuous improvement. It’s very difficult to overcome a poor reputation and poor online reviews without changing the way providers and staff interact with patients from the first phone call to the follow-up exam. Customer service training continues to be imperative and too many practices are not focusing on that aspect of the business.
- Data-Driven Decision Making: Leveraging data analytics and performance metrics enables practices to make informed decisions and identify areas for improvement. By tracking key performance indicators (KPIs) such as patient satisfaction scores, appointment wait times, and revenue per patient, practices can optimize operations and drive growth. The DoctorsManagement consulting team can help you understand what data to track, and how to track it, to properly understand where you are succeeding and where there is room for improvement.
In conclusion, navigating change in Otolaryngology requires a proactive approach and a commitment to innovation. By embracing technological advancements, diversifying service offerings, optimizing appointment scheduling, and implementing best practices for adaptation, ENT practices can drive patient volume and revenue while delivering high-quality care. Embracing change as an opportunity for growth is essential for long-term success in the dynamic healthcare landscape.
Get Expert Support From DoctorsManagement
In the ever-evolving landscape of Otolaryngology, navigating change can be challenging, but it’s also an opportunity for growth and innovation. At DoctorsManagement, we understand the complexities of running a successful ENT practice and are here to support you every step of the way. From implementing telemedicine solutions to optimizing practice operations and maximizing revenue streams, our team of experts can provide tailored solutions to help you thrive in today’s dynamic healthcare environment.
Contact us today to learn more about how DoctorsManagement can assist your practice in embracing change, driving patient volume, and achieving long-term success.