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Running a successful independent practice today requires more working capital and cash flow than ever before. Revenue generated from Physician Dispensing can help with rising rent, malpractice insurance, and costs of employee benefits. The landscape for hiring personnel has also become more competitive. Large institutes offering higher wages to staff are making it more difficult for Continue Reading
Physicians across the country are exhausted and overwhelmed with paperwork, in part, due to increased regulation. Most doctors love interacting with patients. Unfortunately, current work trends are eroding job satisfaction. This trend is also impacting private medical practices financially. Physicians are spending more time with paperwork and less time with patients. An increase in prior authorizations Continue Reading
ACA exchange plans add financial stress to medical providers. Patients have a 90-day window to pay their premium, which leaves the physician exposed to unpaid patient claims. Enrollees that sign up for the new ACA exchanges and receive treatment for healthcare services, sometimes fail to pay their premium. This can leave the physician stuck with unpaid claims. Continue Reading
Maintenance of Certification (MOC) costs are another issue that physicians face today. The application fee for family physicians can range from $1,300 to $1,500. On top of the other financial burdens physicians face, this can add up to a significant amount of money. Physicians feel many times the test material does not reflect typical occurrences Continue Reading
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