Opening a Successful Ophthalmology Practice
If you’re in the early stages of opening a new Ophthalmology Practice, it’s an exciting time in your career with many things to take care of before your launch. This unique field of surgical eye care is in high demand, and there are many great opportunities to establish a successful Ophthalmology business, especially if there’s a service gap that needs to be filled in your area.
To help you plan ahead and understand what steps must be taken before you open, we’ve compiled a checklist of start-up strategies to assist you in launching your new practice.
Step 1: Make a Financial Plan
Think about everything you need to get in place in order to open your practice and how you will get this funding. Know exactly how much you need to budget for the opening as well as the operating costs for the first few months until you establish yourself and start to earn. You should know how much you will need for:
- Necessary permits, credentials, and licenses
- Renting or purchasing a commercial property
- Equipment costs, including those in the future if you expand
- Hiring and paying staff members
Step 2: Know Your Demographics
Before you put all that time and effort into opening a new practice, be sure your area needs another Ophthalmology Practice or if it is already saturated. If you are an expert in a specific area of eye care, then you have the opportunity to become known in your area for this specialized niche market. Research what is already available in the area and see if you can provide a service no one else currently provides. As the population ages and more and more people near retirement, there will be an increased need for ophthalmic surgeons with specialized skills.
Step 3: Plan to Promote Your Practice
Be sure to build relationships with local optometrists so that they will refer their patients to you when they need ophthalmic treatment. Referrals are often the first point of contact for an ophthalmic practice to get new patients. Send local optometrists a package of information so they know what you offer and specialize in. In addition to referrals, you should also plan to advertise your practice through traditional and new media and budget accordingly.
Step 4: Have a Solid Billing System In Place
If you’re opening up your own practice, then you are responsible for making sure your practice is billing patients correctly and using the latest billing technology for managing claims, payments, submissions, and more. This specialized area of medical billing requires knowledge of the unique codes, rules, and regulations specific to eye care procedures and services. By outsourcing the billing side of your practice to a specialist like Eye Care Billing Consultants, you can focus on the other aspects of successfully running your new business and providing the best patient care.
How We Can Help
We at Eye Care Billing Consultants can provide expert guidance on what steps need to be taken to establish your new practice and guide you on how to implement the best practices when it comes to eye care billing.
When you outsource your billing to our team of professional billers, you remove the burden and hassle of dealing with billing problems like incorrect codes, claim denials, insurance issues, and appeals, and ensure your billing is done correctly so you can avoid these problems.
We specialize in ophthalmology coding, ensuring you and your dermatology practice get paid for your services. Our team of experienced ophthalmic billers that manage your claims has decades of experience.
You’ll have a Dedicated Account Manager who will assign a billing specialist to your practice. This person will check all charges for accuracy and completeness and handle the denial management process. Our accounts receivable services will help you maximize your profits. We provide medical billing reports to our clients on a regular basis so you can stay up-to-date on your earnings.
Let us handle the stress and extra work of your billing, so you can care for who matters most – your patients.
