With all the changes coming down the pike with the healthcare reform bill, you should be strategizing on how to accommodate these changes into your practice, while still maximizing patient care and profitability for your practice. While this seems like a tall order, (only because it is) you do have time until the majority of mandated changes take place in the healthcare insurance industry. Most of the effects of the healthcare reform don’t take place until 2014, with only a few beginning in 2012. Read the rest of this entry »
Archive for category Cash Medicine
Too many doctors’ practices operate in the red, at least according to the Medical Group Management Association. Why? Because insurance companies pay doctors unfairly low rates while also reducing service coverage and boosting patient premiums.
Throughout the 21st century, Americans have spent at least $1.5 trillion a year on healthcare. Yet, insurance companies often base the rates they pay doctors on scales from the 1990s.
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It’s easy to feel like you’re a pawn in the insurance game of reimbursement and seemingly ever changing policies. It’s becoming increasingly less feasible to sustain a practice built on insurance reimbursement alone. Short of switching to an all cash practice, there are things you can do to increase your cash flow. Read the rest of this entry »
Doctors don’t like insurance companies. They generally accuse insurance companies of eroding their autonomy, unnecessarily increasing red tape and continually assaulting their incomes. The question must be asked, however, how did doctors ever get themselves in this position and more importantly, how do they get themselves out of it? It’s not difficult to understand how doctors got trapped into their predicament. It IS difficult, however, to understand why doctors continue to enslave themselves to their insurance company masters.
