Superb Ways to Increase Practice Revenue Using Autonomic Nervous System Testing
Autonomic Nervous System Testing are both profitable ways to extend your patient offer. Not only do they afford patients convenience and extended practice loyalty, but the revenues can also be significant.
Ancillary Medical Solutions now provides a top line offer for physicians to incorporate Autonomic Nervous System Testing machines into their offices and retain the majority share of the profit.
Autonomic Nervous System Testing machines encompass many facets of patient care and lifestyle improvement. Provides testing to help with the diagnosis of Diabetic Autonomic Neuropathy (DAN) and Cardiovascular Autonomic Neuropathy (CAN).
The machines are designed and manufactured by LD Technology, LLC a Miami, Florida based medical device manufacturer, founded in 2006, that specializes in the design and development of non-invasive, point-of-care biosensors. The company owns several pending patents and license agreements. LD Technology products enable physicians to monitor their patient’s autonomic nervous system and endothelial function, which have clinical applications in the detection of diabetic and cardiovascular complications. The company’s products are based on photoplethysmography, spectrophotometry, oscillometry, and galvanic skin response technologies that capture and display data rapidly. Having these devices in office, can help reduce the risk of diabetic and cardiovascular complications and help with minimizing further harm.
Many specialties can benefit from provision of Autonomic Nervous System Testing machines including Family Practice, General Practice, Neurologist, Internist, Podiatrist, and Cardiologist. If you think your office could find 1 to 2 patients per day who would benefit from the Autonomic Nervous System Testing machines, you have a large enough practice to support the model.
Patients that are key targets are those that are diabetic and or experience a tingling sensation or loss of feeling in their extremities. For 2-10 minutes of time it could take to test a patient with a theses machines, physicians can expect to make $180-$330 per test. Estimated annual revenues are $90,000 to $170,000 per year for 1-2 patients per day. Larger offices can make substantially more.
Physicians have struggled to see an increase in financial returns over the last 3 to 4 years. Increasing your ancillary offer is a good way to do this. With the many services available, there is no reason why you couldn’t double your practice profits over the next year or two with implementation of compatible services.Superb Ways to Increase Practice Revenue Using Autonomic Nervous System Testing
If you are currently outsourcing your DAN & CAN testing you are missing out on revenue that could be easily retained in office. This solution is well suited to Medicare patients and private insurance. Coding is handled by your office staff by using two simple CPT Codes 95921 Autonomic Test & 95923 SudoMotor Test with a multitude of ICD-9 codes for each.
This turnkey solution that Ancillary Medical Solutions offers, not only will return many financial rewards for your practice but keep your patients in office and healthier, affording quality of life.
For more information on this and other Ancillary Medical Solutions, contact us and we will have one of our Certified Ancillary Consultants contact you.