Renting out a room to a Pathology provider can be a potential revenue stream. However, due to recent regulatory changes and variations in the requirements of providers, it is becoming more difficult and less lucrative.
If you are looking to rent out a room in your practice to a Pathology provider, make sure you are complying with the current regulations.
Allied Health Services
If you are unable to fill your consulting rooms with GP’s, a good avenue could be providing additional services to your patients. These may include Podiatrists, Psychologists and Dieticians.
Looking at your current patient base and deciphering whether those services are going to be beneficial to your practice is important. Looking at the referrals for these services will give you a good indication of whether their services would be good fit and beneficial for your practice and your patients..
Practice Nurse Incentive Program
Having a Registered Nurse (RN) or Enrolled Nurse (EN) in your practice means you may be eligible for the Practice Nurse Incentive Program. If eligible, you may be entitled to incentive payments which can be used to subsidize the cost of employing the nurse.
These are just some options to consider when wanting to boost the revenue in your practice. Find out what strategies will prompt growth in your practice with a skilled team. Take this opportunity to get in touch with BLG Business Advisers online or by calling (02) 4229 2211.