Get the basics right or spend ages sorting it out
Basic Mistakes I was literally 70% through billing for a client’s clinic lists from last Friday. Eight separate patients and a mixture of initial and follow up consultations. All was going well...
Who actually sets YOUR fees?
Most consultants when they first start a private practice, consider how best they can set their fees. In reality, it is not the consultant who sets his or her own fees. It is the patient’s insurance...
The Cheats Guide to Medical Invoicing
There are certain items that are mandatory when you invoice a patient’s insurance company. Such requirements are dictated by the Data Protection Act and, put simply, it’s highly unlikely...
Yet again – a cardboard box stuffed with paper
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 Yet again I've been presented with...
What’s the difference between benefits and fees
The Difference This issue came up recently with a consultant surgeon. How are benefits and fees accounted for against a patient's package? Benefits Consider the total benefits payable under a...
Don’t these guys like money or something?
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 at...
How to increase your fee the WRONG way!
What on earth? 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...
Understand what medical coding is
A question asked at the recent presentation. Insurance companies use medical coding to identify a medical procedure. For example: if you are an Orthopaedic surgeon you will understand what a...
Excess and Shortfalls: September 2019
Last week ago, I was checking what was happening with shortfalls and excess since the start of the year. Using a single private consultant surgeon as an example: Week ending Friday, September 6th,...
Never ever lower your standards – RAISE THEM!
One of the most often asked questions is "how as a private consultant surgeon can I improve or increase my cash flow". The answer, as regards medical invoicing, is very simple to answer: RAISE YOUR...
Stand your ground but do NOT twist the facts
I argue with medical insurance companies all the time. Let me, however, be very specific about when and why I argue with them. I argue with them when I think they are wrong or when I think they...
Know Your Outcome
To successfully perform medical invoicing or medical billing there has to be a degree of focus on the task itself. In fact, there has to be a total concentration on the expected outcome. But what is...