Income-Boosting Tips

A series of tips by Shelly K. Schwartz that doctors can use to boost income:

  • In-house pharmacies can add $50,000 or more to your bottom line.
  • Most payers reimburse for online consultations, which can be done after hours or as needed to fill in for a no-show.
  • Average consulting rates range from $3,000 to $7,000 per day, depending on your area of expertise and type of training provided.
  • You can make up to $6,000 a day as an expert witness, but legal work should constitute no more than 5 percent of your income.
  • It often pays to sublet unused space. Just be mindful of Stark rules when it comes to referrals.

Also consider looking into the Axon II Neural Scanner. One test per day on this device can earn your practice an additional $150k per year. For more information, call 877-646-3300 or visit Medical Device Depot.

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