The setting of your fees
Who really sets your fees? Most consultants, and certainly when they first start a private practice consider how best they can set their fees. In reality, however, it is not the consultant who sets...
Talking to an insurance company
There are certain items that are mandatory when you call a patient’s insurance company. Such requirements are dictated by the Data Protection Act and, put simply, it’s highly unlikely without the...
Not keeping accurate records?
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 during a meeting with a consultant surgeon recently regarding the relationship between benefits and fees. More specifically how fees are accounted for against a...
How easy is it to loose money!
This easy. 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...
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 is medical coding anyway?
Another question asked at a recent presentation. Insurance companies use medical coding to identify a medical procedure. For example, an Orthopaedic surgeon understands what a Multiple arthroscopic...
Shortfalls – a real time perspective
I very recently wrote about this issue and have been asked if the increase was just a blip and possibly “one of those odd things”??? The Real World Therefore auditing the work of the same consultant...
Increase in shortfalls / excess??
Just taking ONE client as an example. Week ending Friday, February 14th: out of 15 consultations, 4 (four) came back with excess/shortfall deductions totaling £575. So for a total of £2,500 worth of...