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Collecting Deductibles
Should I collect deductibles while patients are in the office?
Question: Should I collect deductibles while patients are in the office?
Answer: Yes, you should collect deductibles at check out, once you know what the patient owes for the visit. The trick is in knowing what a patient’s deductible is and whether the patient already is over his deductible, meaning the bill should go to the payer. More and more payers are moving to real-time adjudication and other Web-based tools to help your staff figure this out. You’ll need to review your payers’ Web sites to see what you can do. At the very least, start collecting those deductibles the moment you know what they are. Patient collections fall sharply the further you get from the day of the visit.
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
Reducing burnout with medical scribes
November 29th 2021Physicians Practice® spoke with Fernando Mendoza, MD, FAAP, FACEP, the founder and CEO of Scrivas, LLC, about the rising rates of reported burnout among physicians and how medical scribes might be able to alleviate some pressures from physicians.
