So, there is a local (very) busy urology practice which sends part of their specimens to me (medicare/medicaid) and part of their specimens out to Bostwick (private insurance and self payers). In trying to swoon them for all of their business I have learned some, and probably more than I ever wanted to know, about their business relationship with Bostwick. Here is my understanding:
The Urology group bills the patient both TC and PC and sends the specimen(s) out to Bostwick. Bostwick performs the TC and PC and charges the Urology group a "price/CPT". Seems to be around $25 for an 88305. I actually obtained their negotiated price sheet.
Is this everyone else's understanding? LADOC, I'm sure you know more?
My question, how in the he** am I suppose to compete with this?
It's nice to know that the Urology group retains about 80% of work they don't do....Thanks guys.
The Urology group bills the patient both TC and PC and sends the specimen(s) out to Bostwick. Bostwick performs the TC and PC and charges the Urology group a "price/CPT". Seems to be around $25 for an 88305. I actually obtained their negotiated price sheet.
Is this everyone else's understanding? LADOC, I'm sure you know more?
My question, how in the he** am I suppose to compete with this?
It's nice to know that the Urology group retains about 80% of work they don't do....Thanks guys.