For Dr. Gordon Moore, seeing 30 or more patients a day just wasn't satisfying. So Moore reinvented himself, establishing a "micropractice," a bare-bones set-up with just enough office space and just enough equipment to get the job done. Moore rented a tiny office, picked up some used furniture, and bought computer software to track patients and dispatch prescriptions electronically. Having stripped overhead costs to the minimum, Moore cut down to seeing 12 patients a day. He relies on a few pieces of software, including a simple disease management program, practice management and billing software and a Web-based wellness survey his patients take each year. By doing this, he managed to cut overhead to 35 percent of revenue, as opposed to the 60 percent most practices must spend. Moore has gotten so many requests for information that he's cut his practice down to part time, spending the rest of his time explaining how his model works.
To find out more about the micropractice model:
- read this piece in The Wall Street Journal (sub. req.)