Demand for healthcare services creates business opportunity

Newly insured individuals under the Affordable Care Act — combined with an aging, but still growing, population — will combine to drive an additional 100 million patient visits by 2025, according medical office software provider Kareo.

Forward-thinking practices will handle the increasing volume by using technology to streamline tasks and reduce time spent on administrative duties.

Kareo reported that the average primary care physician sees 78 patients and works 50 hours a week. So for example, if your practice could reduce time spent on administrative tasks and add more patients by using improved scheduling and other tools, each provider could see 15 more patients a week. If your average visit reimbursement is $100, you’d reap an additional $75,000 a year per provider.

Additional details appear in the infographic below, published with permission from Kareo.

Click to Enlarge.