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Doctors Should Run Their Practices Like a Business

Health Insurance Companies Process 1 in 5 Claims Wrong

Doctors Should Run Their Practices Like a BusinessI 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!

is a 20 year veteran of healthcare having managed medical practices. He advises medical practices, physicians and practice administrators on how to run their practice and manage their medical billing and revenue cycle management. Manny speaks, blogs and makes videos at www.CaptureBilling.com, a blog that is tops in the medical billing and coding field. READ MORE

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Capture Billing helps medical practices by reducing their insurance accounts receivable and getting claims paid faster, allowing doctors to focus on providing quality healthcare to their patients without the stress of doing their own medical billing.

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The analysis of any medical billing or coding question is dependent on numerous specific facts -- including the factual situations present related to the patients, the practice, the professionals and the medical services and advice. Additionally, laws and regulations and insurance and payer policies (as well as coding itself) are subject to change. The information that has been accurate previously can be particularly dependent on changes in time or circumstances. The information contained in this web site is intended as general information only. It is not intended to serve as medical, health, legal or financial advice or as a substitute for professional advice of a medical coding professional, healthcare consultant, physician or medical professional, legal counsel, accountant or financial advisor. If you have a question about a specific matter, you should contact a professional advisor directly. CPT copyright American Medical Association. All rights reserved. CPT is a registered trademark of the American Medical Association.

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