Payment in advance?
The old nutmeg has come around again! This time it was a call from a consultant who was so fed up with DNA, he decided he'd sort it. Whilst he was at it, he'd stop the constant problems he's having...
Problems with CCSD codes?
What's a CCSD code? A CCSD code is used by insurance companies to identify a medical procedure. An Orthopaedic surgeon, for example, understands what a Multiple arthroscopic operation on the knee...
Consultant Surgeons need to check their payments
This is actually happening now. MHM, on behalf of a client, recently invoiced a private medical insurance company for a T7915 performed on January 23rd. Fee Calculation Per normal, MHM checked the...
It may be a pain but it’s got to be done!
The normal item when I get asked to review a consultant’s invoicing process is the potential for weakness in the area of records on his/her part. The filing system Sometimes, I’m presented with a...
Know the difference!
The Difference This issue came up recently with a consultant surgeon. What is the difference between benefits and fees and how are fees accounted for against a benefits package? Benefits Consider...
Don’t you like money?
I spent some time yesterday looking at the invoicing of a consultant surgeon. I noticed that the invoices for initial consultations going out to one particular insurance company were being charged...
How not to bill correctly
A couple of examples recently where consultants who have tried to base their fees on the best rate available. Take the consultant who realises that PMI company Num 1 pay £300 for a procedure whereas...
www.can’t be bothered
Every time I give a presentation to consultants wishing to start a private practice it's pretty much guaranteed, I’ll get asked about having a website. In particular, I’ll be asked – do I need one?...
Surgeon or Entrepreneur?
At a medical conference recently a friend of mine was discussing the future of the private practice industry and what lay ahead. My colleague shared the view that the "younger" newly appointed...
How do I get more patients?
One of the most common remarks I hear from my guys is the number of patients they see in the NHS. They literally have patients queuing up to see them. Such a comment is normally followed by the...
What’s really happening with YOUR excess deductions
Taking ONE real-life client as an example. Week ending Friday, January 31st: out of 15 consultations, 4 (four) came back with excess deductions £575. So for a total of £2,500 worth of revenue from...
Don’t Quit – aim to be a winner
One of the most often asked questions is "how can I improve or increase my cash flow". The answer, as regards medical invoicing, is very simple to answer: Raise your standards But what does that...