tag:blogger.com,1999:blog-8489363879633129568.post106796925820628689..comments2023-11-13T11:54:56.769-08:00Comments on DePaolo's World: Cash vs. Insurance - Lessons to be LearnedAnonymoushttp://www.blogger.com/profile/02446191842560064784noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8489363879633129568.post-61733314257013545052012-06-04T04:56:25.015-07:002012-06-04T04:56:25.015-07:00Thank you for your observations.Thank you for your observations.Anonymoushttps://www.blogger.com/profile/02446191842560064784noreply@blogger.comtag:blogger.com,1999:blog-8489363879633129568.post-58946356082320088862012-06-02T23:14:24.196-07:002012-06-02T23:14:24.196-07:00What is not obvious to someone who is not billing ...What is not obvious to someone who is not billing for a medical office, is that the insurance companies can commit fraud and the medical office has little recourse. An individual office is in no position to take on a large insurance company. The systems with is copays, different plans, with multilevel of insurance make it almost impossible to determine who creates the problem. Even entire hospitals have difficulty negotiating with these large corporations. In the past reimbursement was higher so a medical office just wrote these losses off. But as payments have been dramatically reduced the impact is now being felt by the physicians and patients. In my office we only collect about 50% of what we bill, and the these rates are constantly being lowered by the Federal Government via Medicare Guidelines. The only charges we can set are cash prices, we give about a 50% cash discount if paid at the time of the service. Cash patient's seem to be more respectful of the physician than patient's who really don't understand how little physicians are being paid of an office visit.Unknownhttps://www.blogger.com/profile/15714624537554227977noreply@blogger.com