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Practice Collection Rates
I need to find the average percentage that doctors collect of their patient responsibility. For example, hospitals, after insurance and charity write-offs, generally collect 40 percent to 50 percent. Where can I find the comparable numbers for physician practices?
Question: I need to find the average percentage that doctors collect of their patient responsibility. For example, hospitals, after insurance and charity write-offs, generally collect 40 percent to 50 percent. Where can I find the comparable numbers for physician practices?
Answer: According to data we have from athenahealth, practices collect about 80 percent of deductibles and coinsurance. With smaller bills and a closer relationship to the patient, you’d expect practice collection rates to be better than those of hospitals. To get more data, type “self-pay” into the Search box on the left side of the Web page.
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.
