Budgeting is such a laborious, but important process. Where a healthcare organization prioritizes spending their money can determine success or failure for the next year. Over the past decade, healthcare organizations have dealt with government mandates around healthcare software and have seen the advent of new technology emerge – from medical appointment reminders to patient intake to the latest, OnDemand Schedule Management. It’s hard to keep up, that’s why we put this together.
Here are the top five reasons OnDemand Schedule Management needs to make your 2019 budget.
- Reduces Unrealized Revenue
Whenever a patient drops off the schedule and leaves open time, there is no revenue collected for that available appointment. As a result, healthcare organizations lose $150 Billion annually in unrealized revenue because of physicians not having well-managed schedules.
- Patients Will Reward You By Showing up 50% more
By offering earlier appointments to patients, you are getting the patients who are most likely to no-show off the schedule and into the office. Many practices have reported 50% decreases in no-shows. More patients showing up means higher revenue for next year’s budget.
- Patient Access: Gets patients in three weeks earlier
Not only is wait time the number one patient complaint but studies show a new patient who waits more than a month for a first appointment is more than twice as likely to cancel and not reschedule as a new patient who is scheduled within a week. OnDemand Schedule management will reduce patient wait-time by 3 weeks, on average.
- Patients Demand OnDemand Schedule Management
Like it or not, we live in a consumer-driven healthcare environment and patients expect the same modern conveniences from you as they are getting from other businesses. If you don’t give those conveniences to them, your competitors might.
- Free Up Staff Budgeting
Providing top patient access is vital for a successful healthcare organization, but how to do it without budgeting more money for schedulers? OnDemand Schedule Management mixed with automation is the answer. By adopting OnDemand Schedule Management you save money that would’ve been spent on schedulers, that can now be allocated to other projects. Everyone wins!
In today’s consumer-driven healthcare environment, managing your schedule to meet your patients’ needs (and expectations) should be your top priority, OnDemand Schedule Management will help.
Schedule a demo with one of our scheduling experts to see how OnDemand Schedule Management can change the way you manage your schedule.