#55 Do you know these numbers? PayMix and Cost per Patient

NP Business Matters Podcast

Entrepreneur Business Barbara C. Phillips, NP, FAANP Barbara C Phillips FAANP Nurse Practitioners Practice Owners About Selfemployment Careers Leadership

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3y ago 13:14

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Cost per patient and payer mix are among the top numbers you need to track when we talk about knowing your numbers. It can make the difference between a practice that is financially solvent and one that is struggling.

When I asked a group of NPs, they did not know the answer.

It does not matter what kind of practice you have, you must understand your expenses - including what it cost you to see a patient, vs what you are getting paid to see that patient. Obviously, if you are getting paid less than what it cost you, there is a problem.
You can listen, and if you choose, also watch this on our blog.
So do you know these numbers?
https://NPBusiness.org/costperpatient

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