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Fee Schedule Changes
One of our local insurance companies reduced our fee schedule and is paying at or below Medicare rates. In addition, it did not notify us in a timely manner that our fee schedule would change. Do we have any recourse besides terminating our contract?
Question: One of our local insurance companies reduced our fee schedule and is paying at or below Medicare rates. In addition, it did not notify us in a timely manner that our fee schedule would change. Do we have any recourse besides terminating our contract?
Answer: Our fee schedule surveys suggest that many commercial payers are reimbursing below Medicare. Consider what your full payment is, including copays and other patient portions, before determining that it is actually lower than Medicare, however. Allowables are dropping but other revenue is getting pushed to patients. You certainly can try to renegotiate the contract for a different fee schedule, especially if the terms are much lower than your other payers. If they don’t want to negotiate, why keep them?
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.
