I was reading a blog post entitled ‘Doctor: Why I decided to join and insurance-free practice’ about a primary care physician joining a practice that does not take insurance because he was not making any money at his current practice.
I help run a large physician’s practice and medical billing and consulting firm. I hear doctors complaining about insurance reimbursements and requirements all the time. In almost all cases the real reason for their complaining, after asking the right questions, has to do with how they run their business and not so much with the insurance companies. But the insurance companies are easy to blame.
Make no mistake, I have no love for insurance companies. I battle with those shysters everyday trying not to pay, but you have to assess the practice and find the real reason doctors are stressed. Remember, doctors are trained in healthcare, not in business and workflow management or medical billing.
I have heard of doctor’s offices that have lost hundreds of thousands, if not millions of dollars over the years due to poor business practices. A good management team and correct medical billing would take the administrative burden off of them so they can practice medicine. I feel bad for those docs and their staffs.
Please let me know about what you think and leave me your thoughts below. I want to hear from you!
This is a very interesting doctor who refused insurance and did not receive enough money for his work. Of course, this is very sad, because people devalue themselves in such circumstances. But I can recommend him an interesting service where he can earn extra money. The link is in my name. Here he can immediately get 50 spins without making his first deposit and see all the interesting and exclusive promotions from this new UK service.
Finding experienced executives to manage the business aspects of a medical practice is paramount. Physicians are experts in healthcare but often lack the knowledge and skills required for effective business management. The importance of a competent management team and accurate medical billing cannot be overstated. Without it, practices may suffer significant financial losses and administrative burdens, hindering their ability to focus on patient care. Blaming insurance companies is easy, but addressing internal business practices is the key to success in the healthcare industry.
I am grateful for the advise you provided regarding accurate medical billing and its critical function in medical practice.
It’s interesting to learn that you could save a lot of money over the years by improving your management and billing operations. Not long ago, I heard my cousin saying that she’s been dealing with a lot of billing complaints, so I think she must read your tips now. Thanks for the advice on correct medical billing and its key role in medical practice.