Will I be allowed less time with my patients if I participate in Managed Care?
The assumption is that managed care has eroded patient confidence through many mechanisms, including forcing doctors to spend less time with patients.
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The assumption is that managed care has eroded patient confidence through many mechanisms, including forcing doctors to spend less time with patients.
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Whether you’re just starting your practice as a new physician, joining an established Group, or considering buying or selling a practice, understanding the financial underpinnings of the business is crucial to your ability to make good business decisions.
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Contract evaluation is a process that every practice should have defined and documented. This can be a simple checklist or as sophisticated as a weighted calculated system. Either way, the process should be documented and utilized by all of the individuals who have contracting authority.
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“Your past success guarantees you nothing, if the rules change in the future, and if you are not careful, your successful past may block your vision to the future.”
Joel E. Barker, Futurist
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Why is it important?
It is Friday night and your high school football team is playing in the state championship playoffs. It is imperative for your team to know:
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How does it work in the Practice?
What do you need to look for in a practice as it relates to managed care support?
You need to identify the resources that are dedicated to the total managed care process. Does the practice have a department that supports the majority of the managed care functions? Exhibit C describes a comprehensive managed care process within a practice.
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