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ProfitSocket discloses four key profit drivers
Practice Expenses
Understand both procedural and operational expenses
Payor Mix
Analyze your blend of insurance payors based on patient volume
Procedure Profitability
Know which procedures not only drive production but profit
Provider Performance
Track each provider's procedures and actual profit
and helps you put them into action.
Practice Expenses
Separating procedure-related expenses from general operating costs gives you a financial basis to:
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Extend or reduce office and treatment hours
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Expand or reduce team size
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Invest in technology
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Evaluate your vendors and make changes
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Track personal business expenses
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Reduce your general overhead
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How ProfitSocket Works
It begins by matching your costs with your procedures and 3rd party payors.
ProfitSocket uses a proprietary AI cost allocation model to pair practice expenses with procedures and payors uncovering the keys to more profit in your practice.
Data Aggregation
Procedure and payor information is pulled from your PMS and paired with financial data from your accounting software.
Tools
The Calculator, Estimator and Auditor assist in making critical decisions that have financial impacts on your practice.
Summary Creation
Operational, Profitablity and Financial summaries are updated in real-time to provide novel insights.
Notifications
Alerts, updates and messages keep you informed of actions and best practices to make you more profitable.
Register your interest and plug into profit today.
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