Are you keeping records correctly?
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...
Benefits v Fees
The Difference This issue came up recently with a consultant surgeon. How are fees accounted for against a benefits package? Benefits Consider the total benefits payable under a patient’s policy....
You sure you aren’t loosing 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...
Inappropriate Billing
What on earth is that? 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...
What’s a medical code anyway?
Another question asked at the recent Medical Defence Union presentation. Insurance companies use medical coding to identify and detail a medical procedure. For example, an Orthopaedic surgeon will...
Excess and Shortfalls: 2019 style
Just taking ONE client as an example. Week ending Friday, January 25th: out of 15 consultations, 4 (four) came back with excess/shortfall deductions totaling £575. So for a total of £2,500 worth of...
How to make life hard for yourself.
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...
Self funders – the reality of why there are some many outstanding
Most MHM client have reported issues with self-funders when we get involved. It is also the source of many calls made to MHM. With the self-funding market increasing, it is important to understand...
Are you under-pricing your skills by mistake?
Undercharging or not charging the right fee is much more common than you may think. Consider the two real examples below. THE ENT SURGEON Surgeon A is an ENT consultant surgeon. He performs an E1910...
THE most common reason you aren’t making any money is…….
You've forgotten its meant to be a business! All MHM clients are very dedicated individuals. Having spent approximately 15 years training and finally becoming a consultant surgeon, they go on...
How to LOOSE money without really trying
There are only 24 hours in a day. All of my guys are incredibly busy. I'm amazed at the volume of work they get through in a single day. They are either on-call, doing a ward round or in theatre....
How do you stop wasting time?
Basic Mistakes I was literally 70% through billing for a client’s clinic lists from last evening. Eight separate patients and a mixture of initial and follow up consultations. All was going well...