The United States has the highest per capita healthcare spending in the world. U.S. healthcare costs have outpaced inflation for several years. Over the past 20 years, the federal government has attempted to control costs—specifically Medicare costs. Cost reduction strategies often focus on specific segments of the healthcare market.
When it comes to collecting payments for orthopedic services rendered, time is the enemy. As time passes, the likelihood for reimbursement decreases. What can a practice do to ensure the collection of payments? One solution which will increase the likelihood of being reimbursed is upfront collection of payments. It may be difficult for staff or physicians to present this requirement of upfront payment if it hasn't been a rule in the past.
Email By Sal Casillas Medical group entrepreneurs are making investments in key strategic initiatives and technology opportunities to compete in the new healthcare economy. The triple aim of healthcare reform — higher quality care, improved population health and reduced per-capita costs — has made independent medical groups, especially in primary care, newly crucial players in the healthcare ecosystem.