- Joined
- Sep 12, 2006
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Toothless hillbilly was meant to be a term of endearment....
AS far as fee raising is concerned, it is my belief that this must be done on a regular basis(preferably yearly, but at least every two years). It is amazing what an extra $10-$20 per patient can do for your bottom line. Believe it or not, most patients dont seem to complain or notice the fee increase. Dont just look at your exam fee either. Every year I pull up the regional Medicare clearing house fee schedule and review the changes to fees for all services and procedures. You should AT LEAST have your fees set in line with these numbers(dont decrease your fees if these numbers go down). Also, in doing this each year, I am reminded of procedure codes that I should use more often but either forget or get too lazy to use; You dont want to leave too much money on the table if you can help it. You might also benefit from getting a copy of the fee schedule of your local friendly OMD(I realize this may not be possible) and see what they charge. You would be more than surprised to see what these folks are charging for the same routine services you are providing.
Posner
AS far as fee raising is concerned, it is my belief that this must be done on a regular basis(preferably yearly, but at least every two years). It is amazing what an extra $10-$20 per patient can do for your bottom line. Believe it or not, most patients dont seem to complain or notice the fee increase. Dont just look at your exam fee either. Every year I pull up the regional Medicare clearing house fee schedule and review the changes to fees for all services and procedures. You should AT LEAST have your fees set in line with these numbers(dont decrease your fees if these numbers go down). Also, in doing this each year, I am reminded of procedure codes that I should use more often but either forget or get too lazy to use; You dont want to leave too much money on the table if you can help it. You might also benefit from getting a copy of the fee schedule of your local friendly OMD(I realize this may not be possible) and see what they charge. You would be more than surprised to see what these folks are charging for the same routine services you are providing.
Posner