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Is your Private Practice looking rosé?
How nice has the weather been recently to sit and relax in the garden with a glass of rosé. But can you relax when thinking about your private practice? Probably not or you may not be reading this! It is a common misconception that when you set up a private practice, patients will be there…
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Bee…….true to yourself
Setting up a private practice is hard work and requires many skills. It is not quick or easy but there are things you can do to make it easier. Be true to yourself and realise where your skills lie and, importantly, focus on how to get the best return for your time and effort. You…
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Why do I need to waste my time obtaining patients’ insurance details?
Why should I waste time obtaining insurance details for patients? In the good old days typically the only patient demographics required were name, address, telephone number and date of birth. Now there appears to be an endless stream of data which needs to be collected on every visit – membership and authorisation numbers, email addresses,…
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Working with Embassies and the Importance of Letters of Guarantee
With an ever increasing number of consultants in the private arena many are looking at alternate ways to expand their business. The traditional private medical insurance market, including self-pay, accounts for over 50% of the market leaving the remainder split between Embassies, Hospitals, Solicitors and other organisations. For the focus of this blog I would…
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Are you willing to provide your services free of charge for one week in every four?
Consultants’ practices are becoming ever busier and together with decreasing levels of reimbursement from insurers, it has never been more important to ensure you have robust and efficient invoicing and collection processes in place. If I asked a consultant if he would be willing to provide free consultations and surgery for one week in every…
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Can you afford to outsource your medical billing?
Can you afford to outsource your medical billing? Or is this a case of being too busy running next to your bike to get on it? If this scenario rings any bells, have you considered the following: Are you or your secretary invoicing the maximum fees to each insurer? Do you know the details of their individual…
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Doctor Burn Out – a Consultant Surgeon’s Perspective
Doctor burn out is a very real risk at all levels of training and at Consultant level. Why is this? To understand the psychology of burn out, I personally feel that you need to consider intrinsic and extrinsic factors. Intrinsic is an adjective meaning belonging naturally or essential, innate, inbred, ingrained, deep-rooted, and it is here…
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Are your invoice allocations up to date?
Do you know if your payment allocations are up to date? We are frequently approached by consultants who ask us to look at their old debt with a view to collecting what is perceived as unpaid – figures in the region of £50-100K outstanding debt are not uncommon. But is that amount of debt really…
