How much is a patient worth? Putting a monetary value on each patient is very important in the event that a practitioner leaves the practice and takes some patients with them.
The calculation itself is quite straight forward:
(Revenue in a time period) / (# of individual patients in a time period) = Average value of a patient
Example (for a one year time period):
($1 million revenue) / (2500 individual patients) = $400 spent per patient on average
This number is important to keep in mind...
LOGIN TO READ MORE
To gain access to weekly PIQ's, Level 3 Membership is required. The weekly PIQ is just one of the many benefits of membership. View membership opportunities HERE.