Practice Analyzer™

Did you know that there are six types of medical practices? Each type represents one phase in the life cycle of a typical practice. Kind of like larva becomes pupa becomes caterpillar becomes butterfly, if you remember your high school botany classes.

Take this simple test to learn what kind of practice you have (and how to best capitalize on the opportunities that lie within your immediate grasp). It should take 4-6 minutes to complete. If you’re not sure on any answer, make your best guess.

1. Do you work with an extender (PA or NP)?
   Yes
   No
2. Are you on compensated on a straight salary, salary plus bonus or are you self-employed?
   Salary
   Salary +Bonus
   Self-employed
3. How many patient visits per week do you (and your direct extenders) perform?
   1-50
   50-75
   76-100
   101-125
   126-150
   151-175
   176-200
   200+
   Don’t know
4. What is your average collection amount (in dollars) per patient seen?
   1-50
   50-75
   76-100
   101-125
   126-150
   151-175
   176-200
   200+
   Don’t know
5. What percent of you current active patient list is insured under Medicaid?
   0-10%
   11-20%
   21-40%
   41-60%
   60%+
6. What percent of you current active patient list is insured under Medicare as primary insurance?
   0-10%
   11-20%
   21-40%
   41-60%
   60%+
7. What percent of you current active patient list pay you in cash?
   0-10%
   11-20%
   21-40%
   41-60%
   60%+
8. How many hours per week do you spend on direct patient care?
   0-10%
   11-20%
   21-40%
   41-60%
   60%+
9. Do you participate in ancillary revue streams in your practice, like imaging, physical therapy, sleep studies, echocardiography, lab, etc?
   Yes
   No
10. Do you participate in joint ventures with other providers and local business people?
    Yes
    No
11. How interested are you in taking more time off from practice?
    Very Interested
    Somewhat interested
    Not Interested
12. How many vacations (not seminars) do you take every year?
    None
    1
    2
    3
    4+
13. How interested are you in improving your payor mix?
    Very Interested
    Somewhat interested
    Not Interested
14. How interested are you in increasing your income from practice?
    Very Interested
    Somewhat interested
    Not Interested
15. How secure do you feel financially in your current practice?
    Very secure
    Somewhat secure
    Not secure
16. How interested are you in decreasing your practice stress?
    Very Interested
    Somewhat interested
    Not Interested
17. How interested are you in improving your staff?
    Very Interested
    Somewhat interested
    Not Interested
18. What is the mean income for residents within a five mile radius of your facility?
    $1-25,000
    $25,001-$45,000
    $45,001-$65,000
    $65,001-$85,000
    $85,000+
19. What is the population of residents within a twenty mile radius of your facility?
    1-25,000
    25,001-50,000
    50,001-75,000
    75,001-100,000
    100,000+
20. How well does your current practice connect you with your personal ideals?
    Very Well
    Somewhat
    Not At All
21. How soon do you want to retire?
    1-3 Years
    4-7 Years
    7-10 Years
    10+ Years
22. How many new patient referrals do you receive in a month?
    0-10
    11-20
    21-30
    31-40
    41-50
    50+
    Don’t know
23. What is the overall morale level in your practice?
    Very Good
    Somewhat Good
    Poor
24. How many years have you been in practice?
    1-5
    6-10
    11-15
    16-20
    20-25
    25+
25. What is your biggest need right now related to your practice?
    More income
    More enjoyment
    Less stress
    More time off
    More patients
    Less administrative hassle
    Other