Before I get into today’s info, I want to remind people of our AAP-endorsed Pediatric Coding and Practice Management conference in two weeks in Columbus and of our new audio conferences (starting next week).
I think I’ve discussed pediatric revenue before - in fact, here it was - after all, isn’t that what it all boils down to? We’ve updated our numbers and gotten more accurate as we go along and I thought I’d share.
First, here’s a table of PCC client average revenue per visit since 2003:
| Revenue Per Visit Data, PCC Clients 2001-2007 | |||||||
|---|---|---|---|---|---|---|---|
| Year | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| Revenue-per- Visit |
$76.69 | $81.02 | $85.76 | $90.80 | $101.58 | ||
| Year-To-Year Change |
- | 5.6% | 5.9% | 5.9% | 11.9% | ||
| Total Change |
- | 5.6% | 11.8% | 18.4% | 32.5% | ||
Whoa. At first blush, that’s awesome. PCC clients raised their average revenue by almost 33% from 2003 to 2007! [If you go back to 2001, it's about 45%. Really.] This flies in the face of the data posted here and there.
We knew, though, that it couldn’t be that easy. And it isn’t - the cost of vaccines has gone through the roof in the last few years, eating up a bigger and bigger chunk of the revenue. Thus, we ran the same revenue numbers without the immunizations themselves (we do include the admins). I realize that some practices lose a lot on immunizations and others make good money, but removing them all together is the only way to really compare apples-to-apples.
| Revenue Per Visit Data WithOUT Immunizations, PCC Clients 2003-2007 |
|||||||
|---|---|---|---|---|---|---|---|
| Year | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| Revenue-per- Visit |
$66.65 | $70.50 | $74.16 | $77.47 | $80.23 | ||
| Year-To-Year Change |
- | 5.8% | 5.2% | 4.5% | 3.6% | ||
| Total Change |
- | 5.8% | 11.3% | 16.2% | 20.4% | ||
OK, that makes more sense. What do we learn?