{"id":16346,"date":"2011-05-17T10:48:01","date_gmt":"2011-05-17T14:48:01","guid":{"rendered":"http:\/\/www.poweryourpractice.com\/?p=341"},"modified":"2011-05-17T10:48:01","modified_gmt":"2011-05-17T14:48:01","slug":"measuring-cost-of-patient-no-shows","status":"publish","type":"post","link":"https:\/\/carecloud.com\/continuum\/measuring-cost-of-patient-no-shows\/","title":{"rendered":"Measuring the Cost of Patient No-Shows"},"content":{"rendered":"

When a patient misses their scheduled medical appointment, it affects more than just their health \u2013 it affects a physician\u2019s bottom line<\/strong>.<\/p>\n

The risk of medical complications from patient no-shows<\/strong> is very real, but it can be expected; what may be more shocking is the surprising cost<\/strong> it has for a physician\u2019s practice.<\/p>\n

<\/p>\n

No Show, No Dough<\/strong>
\nSome estimates have missed appointments costing a single physician as much as $150,000 in lost revenue and additional labor costs. That\u2019s huge amount of money that physicians are missing out on.<\/p>\n

For a multi-physician office, those numbers become even more staggering. One clinic had 14,000 no-shows in a single year that resulted in an estimated loss of over one million dollars<\/strong>.<\/p>\n

Whether a practice is big or small, a significant portion of its profits \u2013 not to mention time \u2013 can be lost due to patients missing appointments. Reminding and rescheduling appointments can monopolize staff time unless an efficient system is installed.<\/p>\n

Simplify Scheduling<\/strong>
\nOne of the most common reasons patients cite for missing appointments is forgetfulness. Several studies have shown the benefits of phone and postcard reminders, but these measures can be expensive and resource intensive.<\/p>\n

A new trend in patient reminders is through email and text notifications. A study by the Internet Journal of Healthcare Administration found that email reminders provided an immediate and dramatic improvement in patient no-shows:<\/p>\n

\u201cOverall nonattendance rates decreased by 36%<\/strong> with this low cost and non-labor intense intervention.\u201d<\/p>\n

Implementing a practice management system<\/a> with automated appointment reminders can quickly pay for itself with lower no-show rates and less labor requirements.<\/p>\n

If you\u2019re a single physician practice, imagine cutting down on staff requirements and earning an extra $50,000<\/strong> or more while improving the care you provide for your patients. For practices with multiple doctors, the upside is even larger.<\/p>\n

Use technology to improve your practice\u2019s profits, enhance patient care and simplify your office\u2019s workflow. Less \u201cphone tag,\u201d filling out postcards and unruly schedules can be achieved with the right system.<\/p>\n

Has your practice implemented an automated appointment reminder system? What were the results?<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

When a patient misses their scheduled medical appointment, it affects more than just their health \u2013 it affects a physician\u2019s bottom line. The risk of medical complications from patient no-shows is very real, but it can be expected; what may be more shocking is the surprising cost it has for a physician\u2019s practice.<\/p>\n","protected":false},"author":1,"featured_media":32788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,8],"tags":[39],"class_list":["post-16346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-revenue","category-trends","tag-revenue"],"yoast_head":"\nMeasuring the Cost of Patient No-Shows - Continuum<\/title>\n<meta name=\"description\" content=\"Patient no-shows might be costing your practice a lot more than you think. 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