Excess and deductions: 2020 style
Taking ONE real-life client as an example. Week ending Friday, July 24th: out of 15 consultations, 4 (four) came back with excess deductions £575. So for a total of £2,500 worth of revenue from...
Too late now. You agreed it
In terms of medical billing, this perhaps is one of the statements I say to private consultant surgeons more frequently than others. The following example illustrates that despite the rejection of...
Measure Twice; Cut Once.
In the world of medical billing, the most efficient way of doing something is to do it right the first time. What happens if you don't? You don't get paid. My late Father drilled into me from a very...
Thinking time
I called one of my friends early one evening last week. His phone went straight to voice mail. Curiously he didn't call me back with half an hour or so per normal. He called me this morning...
If you want my business, start by listening
Recently a friend of mine called asking for a favour. I’ve known this guy years. We started our respective businesses around the same time. He has now reached the point where he needs to relocate...
Raise your Standards; then raise them again!
One of the most often asked questions is "how as a private consultant surgeon can I increase my payments from insurance companies?". The answer, as regards medical invoicing, is very simple to...
Merry Christmas – 12 months in a year
Never, ever base your practice business plan on there being 12 months in a year. There aren't! The question should be how many WORKING months there are in the year. Merry Christmas It is extremely...
Ask the insurance company.
It is depressing the number of times I hear clients criticising insurance companies. In my experience the reasons normally cited are incorrect. Far from it. I've lost track how often I've been told...
Cash Flow – a horrible expression
For the simple reason, cash does not flow. Cash has to be managed. Cash Flow Around this time of year, I take calls from consultant surgeons who in view of their impending tax payments require an...
The Importance of a Weekly Report.
Monday, August 10 - an MHM client emailed me advising patient invoices were missing. How Come? Go back to Saturday, August 1 when the client held his normal Saturday clinic. Immediately he completed...
Don’t Assume Everything Is Covered
It is dangerous for an insured patient to assume his insurance covers everything. Often it does not. This will impact on how much you get paid. Short term issues Private medical insurance is...
Where should I practice?
Occasionally I get asked this question and a very important question it is too. The normal answer is to open a practice at the nearest hospital to home. After all, nobody wants to commute more than...