Ancillary services are an important way for physicians to drive revenue while improving care. The new Medical Economics 2019 Annual Physicians Report asked physicians which ancillary services they provided and how much revenue they generated. The survey revealed that Spirometry was the 2nd highest ranking ancillary service after ECG testing. When compared to spirometry, ECG equipment costs more and the procedure is reimbursed about 50% less…demonstrating that spirometry likely provides a better return-on-investment.
Referring out spirometry patients results in lost revenue and time for the practice. It also inconveniences the patient and likely adds an additional co-pay.
Even in the ever-increasing value-based environment where reducing cost and improving outcomes is rewarded, spirometry is a winner. The report determined that Internists and Family physicians generated an additional 10% and 11% (respectively) of revenue from ancillary services.
Spirometry testing is easy, can be provided by a physician or office staff, and is not subject to CLIA requirements. Learn how to quickly and economically integrate spirometry testing into your practice, call us today at 1-800-323-7336.