Are You Making It Easy or Hard to get paid?
If you get the basics right many problems with getting paid don't happen. The basics mean the absolute minimum and mandatory requirements in order to present an account for your services. The basics...
The Fastest Way to Loose Money In Private Practice?
An MHM client held one of his twice-weekly outpatient clinics recently. Nine patients; so there should be NINE invoices. Except there are only EIGHT? A quick look at the list indicates...
Insurance Company Fees – check you are charging the maximum
A shortened version of a recent conversation with a well established private consultant surgeon. Very recently one of the major PMI players announced a further reduction in payable fees. The...
Charge the patients if we aren’t paid after 90 days
A group of surgeons I know is having problems getting paid by insurance companies. Not just an individual insurance company but all insurance companies. More specifically or so the surgeon's...
Do it one and do it right
When I begin to raise invoices for a new MHM client, for example, I'll check I have the right provider number. I'll check all the online systems and EDI protocol are 100% accurate. Is the...
It’s cost me how much??
A colleague called me last week. A case of "can I pick your brains for two minutes?" What's the problem? I'm always happy to take such calls for many times I have called others with precisely the...
Entrepreneur or Surgeon? Or Both?
At a on-line 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...
Excess and shortfalls are increasing for all Private Consultants
One of the major areas MHM is approached about is excess and shortfalls. In October 2021, empirical evidence indicated 30% of all claims to private medical insurance companies are subject to an...
Patients who do NOT attend for their consultation
This is a topic that comes up frequently when I meet Private Consultant Surgeons. Indeed, the point was mentioned last year in a blog regarding asking self-funding patients to pay in advance....
Setting your consultation and surgical 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...
Unbundling – charge if you are or not
Take, for example, a patient who requires an injection which may be performed by a private orthopaedic surgeon at an outpatient consultation. Thus you raise an invoice for, as an example,...
They called it “the holding pile”; I called it rubbish
MHM recently completed a group of consultants with a remit to investigate why they were not getting paid. One insurance company was proving to be particularly troublesome. An analysis of a...