Has anyone figured out how to accurately calculate a practice's average hourly income rate? In other words, for every clinical hour billed, the practice averages $X in billed hourly revenue. This average hourly income rate is hugely important with respect to calculating margins. It will vary widely depending on the insurance panels, private pay mix, etc. that contributes to the practice revenue. It would seem to me that SP captures all the necessary data to derive the answer (total inurance and client pay billing divided by number of hourly sessions for a given time period). Does this kind of reporting exist within SP? I'm guessing the average hourly income rate ranges anywhere from $70 per hour to $100 per hour depending on the practice's geographic location, mix of insurance panels (inclusion or not of medicaid and medicare), and the private pay market it serves.
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