The demand for ancillary services by independent physicians has never been higher. In the 2018 Medical Economics Physician Report, among all non-surgical primary care survey respondents, 84 percent said they provide ancillary services.
The number of ancillary options for practices has grown substantially in recent years to meet the growing demand.
With so many options, it can be difficult for a busy practice to decipher which programs are worth the time investment to investigate.
Based upon our website analytics, these are most visited program pages so far in 2019:
9 – Neurocognitive Assessment
Historically, paper based, self-assessments and computerized testing have been used for assessment of cognitive disorders. This device uses biomarkers based on EEG and ERP to help identify the root cause of memory loss, Identify MCI and memory loss sooner and provide a differential diagnosis of depression vs dementia.
Practice Benefits – Full coverage, average profit $400/patient
8 – Electronic Preventative Services
Seniors are increasingly utilizing technology, with 3/4 using the internet. This has afforded physicians and patients with the convenience of completing certain tasks outside of the office. This platform integrates with the practice’s EMR and email’s patients billable patient-directed tests and screenings.
Practice Benefits – $90-250/patient
7 – Diabetic Neuropathy Device
Podiatrists have been utilizing this device in recent years, and now it has gained in popularity with PCPs. This 2 minute test can accurately assess for small-fiber neuropathy, replacing outdated techniques. The device has a billable code and is a consistent source of revenue to the practice.
Practice Benefits – Full coverage, average profit $60-80/patient
6 – Remote Patient Monitoring (RPM)
Every day, thousands of smart phone users become eligible for Medicare. The smart phone has enabled the connection of numerous devices to an app helping physicians monitor patient health. The Remote Patient Monitoring (RPM) program from CMS now allows physicians to utilize alternate clinical staff to provide the services that qualify for RPM.
Practice Benefits – Medicare $123/patient/mo
5 – Fingerstick Allergy & Immunotherapy
Allergy companies have struggled to find a consistent model that works for most clinics. High up-front costs, patient minimums, extra staff, occupying exam room, and lots of needles for patients! The fingerstick DBS card can identify 120 food and airborne allergies. Coupled with a flat-rate immunotherapy kit that offers both shots and sublingual drops, the clinic can earn revenue without any extra staff, space, or long-term contracts.
Practice Benefits – PPO $1,500-2,500/patient
4 – Retail Pharmacy
While pharmacy is an obvious profit center in healthcare, few private practices participate due to the high cost and complexity. Not to mention, certain States restrict doctor participation. However, for a large practice in a State that permits, Retail Pharmacy is a serious revenue generator for clinics.
Practice Benefits – PPO $1,500-2,500/patient
3 – Osteoarthritis Treatment Protocol
Osteoarthritis affects tens of millions of Americans, and primary care practices are increasingly interested in non-surgical alternatives with reimbursable codes. This protocol gives doctors a turnkey treatment that becomes a serous profit center for the practice and improved quality of life for their patients.
– Full coverage $3,000 – $5,000/patient (full course of treatment protocol)
2 – Wound Care
Non-healing wounds have always been difficult to treat, leading most providers to refer these cases out. Regenerative products are showing great promise in dramatically reducing healing time. As a result, insurance providers and CMS are increasingly providing coverage for regenerative wound care treatments. With amputations on the rise, this is a much-needed service.
– Full coverage with prior authorization, $1,200/patient (dependent upon wound size)
1 – Diabetes Diagnostic and Treatment Protocol
The CDC’s Diabetes Lifestyle Change program has been a huge success, with a 58% reduction in Type 2 diabetes for participants who complete the program. The Diabetes Diagnostic and Treatment Protocol is a turnkey program to help clinics participate, including the training, credentialing, diagnostic tools, and software.
Clinics are being incentivized to offer services that seek to reduce chronic conditions like diabetes. This is stratified through the MIPS scoring system. This program meets 7 Quality Use Measures and is covered by all carriers with no co-pay to the patient.
Practice Benefits – Full coverage $5,400/patient completing 12-month treatment protocol
To find out more information about any medical ancillary programs, call 888-315-1519, or visit ancillarymedsolutions.com