The Up And Coming Cash Only Medical Practice
Health insurance companies are taking over the medical industry at an alarming rate
. According to research, about 9 out of every 10 doctors are contracted with managed-care services or insurance companies, making it difficult for them to control their own operations or see patients who dont have the insurance coverage that the practice associates with. Since the recession and economic downturn, the rising number of uninsured patients has significantly contributed to the healthcare industry and its perception of what the best solution is for this problem.According to the Centers for Disease Control (CDC), there were about 46.7 million people who were uninsured during the first quarter of 2010. This number includes people of all ages, such as the 7.4% of children under the age of 18 that dont have health insurance. These are alarming numbers when the costs of healthcare are considered. Too many people go without, use urgent care or emergency rooms for common issues, or face the difficulty of trying to find a medical provider who will accept them as a patient without health insurance.
Instead of racking up huge bills or spending days searching for a physician who accepts uninsured patients, there is a better solution that is on the rise: the cash only medical practice. This type of operation gets rid of the insurance middlemen, helps lower the costs of medical care, and offers doctors a chance to get back to doing what they love: taking care of their patients. For patients, cash only medical offices are welcome relief. They have lower costs, less hassles, and there isnt as much disconnection because the doctor is trying to see as many patients as possible to make the overhead worth the effort.
The cash only medical practice isnt new, by any means. In actuality, it is simply a recurrence of historical medical care when the relationship was solely between a physician and a patient. Before health insurance, this is the way that every medical practice operated. Today, most patients are hard-pressed to find doctors who offer these types of clinics. The insurance companies arent in charge with cash only medical practices, which is one of their greatest advantages. Instead of charging $80 for an office visit, getting the $20 co-payment at the time of service, and then waiting weeks to be reimbursed, doctors can charge a flat cash fee and avoid the hassles of collecting.
Many doctors have lowered their service costs with cash only medical practices because they dont have to pay staff to chase insurance companies, file paperwork, or deal with claims. They simply see patients, treat them accordingly, and then charge a flat fee for different services and procedures that is paid in full before the patient even leaves the office. Some doctors will offer payment plans or other types of services to patients in their cash-only practice, but they are all designed with one goal in mind: to avoid being consumed by health insurance administration hassles and to get back to what really matters, which is taking care of patients when they need it.
To learn more about cash only medical practices, visit Hippocrates Publishing today. Hippocrates Publishing has committed themselves to offering valuable resources for medical advertising, cash only medical practices, medical practice management, and other relevant healthcare business matters. You can find all the information and resources that you need at http://www.hippocratespublishing.com or by calling 877-408-2462.
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