Archive for March, 2008
Physician Payments Decreasing & Health Insurance CEO Compensation Increasing
29 March 2008CMS projects it will pay 10.1 percent less in 2008 than it did in 2007 for services provided to Medicare beneficiaries by physicians. These reductions will continue annually, and it is predicted that the total cuts will be about 40 percent by 2016. At the same time physician expenses are expected to increase 20% [...]
On-Demand Technology
12 March 2008 For years physicians have been sold solutions that rely on complex software packages which require staff to wrangle with; often resulting in little to no benefit. Physician practices have become so frustrated that they are now out-sourcing many processes.
Physicians are not the only businesses to face this dilemma; think of how the banking [...]
Employer Healthcare Expenses
8 March 2008 Tracking expenses carefully is vital to a company’s success. With health insurance premiums making up an ever-growing portion of those expenses, insurance companies are under increased pressure to make it as easy as possible for policy holders to check on and understand their expenses.
In 2005, employer health insurance premiums increased by 9.2 percent [...]
Silent PPO’s
8 March 2008Contract Management Is Crucial
Preferred Provider Organizations (PPO’s) are frequently among the best payers. However, physician practices must be vigilant to assure that only patients entitled to a discount are receiving the negotiated fee. Otherwise, your practice will be extending a discount to individuals and insurance companies who should be paying your billed charges in [...]
