AMA PRA Category 1 CME available, click on link in each post to access.
**CME available at the end of this blog**
"Apple recently announced a 28% profit margin. Google, 27%. Amazon, 10%. Meanwhile healthcare services profit margins across the entire industry in 2021 were just 4%." - Forbes Article
Well this is incredibly disturbing.
Healthcare is already expensive enough, but a 4% margin is not only bad news for doctors, but also terrible news for patients. Traditional medical practice will undoubtedly be swallowed up by larger businesses. This is what the average US private practice doctor is going through right now. It doesn't have to be that way, though.
Many technological firms have solutions to provide small and medium-sized doctor-owned or operated...
As an integrative medicine doctor, you know patients always want to use medical insurance. If you currently submit to insurance payers, you know that making mistakes can lead to denied claims and lost money. If you're a cash-only practitioner, you know that patients request superbills for services rendered.
While most doctors are pretty careful with this, even the most careful doctors can make mistakes when it comes to dealing with their patients' medical insurances.
Here are the top nine mistakes integrative medicine doctors make when dealing with medical insurance. Avoid these errors and you'll be able to better utilize your patients' health insurance...