Revenue and cash flow considerations of accepting in-network vs. out of network patients
Do you know how McDonald’s considered all-day breakfast? When McDonald’s was considering a multitude of consumer requests for all day breakfast, a study was done to see about how the company could accomplish such a feat from an operational standpoint and the impact on overall revenue for millions of stores worldwide. It was found that because the stores were already covering overhead for lunch and dinner even if they charge less for breakfast items all day, the increase in revenue would be substantial. There were many operational considerations, but ultimately, they found ways to overcome those challenges and the stores realized substantial revenue gains.