Understanding The Market For Cash Only Medical Practices
There are many factors that have influenced the need for cash only medical services
. While this might seem like a fairly new concept, however, it is actually a reversion to the way that medical care used to be handled. Before insurance companies took over, doctors had small practices where patients paid them for services rendered, based on the fees that the physician set for their practice. There were fewer employees, fewer patients, and fewer complexities involved in healthcare. Many doctors are looking to get back to that type of care simply because it allows them to reach out to a wider patient base and focus on why they became a doctor in the first place: to take care of people.The market for cash only medical practices is huge, and certainly much bigger than many people realize. Some of the largest factors influencing this market include:
-The 45 million or so that dont have health insurance in the United States. This plays a big part in cash-only services because people who dont have insurance have a difficult time finding medical providers to accept them as patients in todays insurance-based medical industry.
-The high cost of health insurance is another factor. People pay hundreds of dollars for health insurance, leading insurance companies to pay more for medical services, which leads doctors to charge higher rates because of all of the paperwork and effort involved in accepting insurance. By offering cash-only services, doctors reduce overhead and can then reduce their fees, making healthcare more accessible for everyone.
-The future of healthcare, known to many as ObamaCare, which seems a lot like a turn towards socialized healthcare. The plan for the future of health insurance is one that actually requires ALL citizens to obtain health insurance. With cash only practices, thats not necessary at all.
-The hassles and expenses of insurance paperwork, billing and claims services, and the sheer number of employees required to operate a medical practice that is associated with managed care plans and health insurance companies.
Because of these factors, among others, the demand for cash only medical practices is growing steadily. Many people see this as a new age of healthcare, even though it is a simple reversion to the way that things used to be. Giving people back control of their health and wellbeing is part of the issue, but giving physicians the chance to actually care for patients instead of cycling them through an insurance-based practice mill in ridiculous quantities just to make a buck is far more important for providers who are choosing this type of practice.
Think for just one second about why doctors choose their careers. If you are a physician, you probably chose the path because you like helping people and working in the medical setting. You didnt become a doctor because you were excited about paperwork, insurance relationships, seeing as many patients as possible in a day, or working ridiculously long hours just to make a decent living. The money might have been a part of the motivation, but the reality of the situation is that most doctors just want to practice medicine.
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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