At the heart of Tigard, OR, Orthopedics Northwest shines as a consortium of six independent orthopedic surgeons renowned for their progressive patient care. With a strong team that includes board-certified physicians and physician assistants, this practice is at the forefront of advanced orthopedic treatments, employing the latest in MAKO robotic-arm technology for joint surgeries.
Our intervention at Orthopedics Northwest was strategically tailored to bolster their revenue cycle management and enhance profitability without compromising their commitment to comprehensive care. We guided them to expand their services in joint and sports medicine, refine clinic efficiency, and leverage outcomes data for better payer contracts. This meticulous approach not only facilitated their growth in the competitive market but also empowered them to attract new talent and invest in innovative technology and services.
The impact of our revenue cycle overhaul and strategic planning was significant and measurable: the practice witnessed a dramatic drop in patient loss rate from 7.0% to 1.9%. Moreover, point-of-service collections skyrocketed from a modest $3,000 monthly to an impressive $38,000 between the third quarter of 2015 and the second quarter of 2016. Additionally, by optimizing the surgical assist billing process, each Physician Assistant could bring in an extra $14,000 monthly. These figures underscore a narrative of success, marking Orthopedics Northwest’s journey to financial robustness while staying true to their mission of delivering exceptional orthopedic care.
