Hire The Best For Your Cash Only Medical Practice
On the outset, a cash only medical practice would seem to be the ideal business environment
for a savvy physician: no insurance companies to set pricing structures and necessitate pre-qualifying standards; no mountains of claims to process; the ability to see fewer patients on a daily basis; and a lessened amount of overall paperwork. For patients, a cash pay medical practice should mean additional quality time with doctors and a much less complicated billing process. Why wouldnt every doctor consider transitioning their office into this type of niche medical practice? The answer is that it takes some research, time and preparation to make this type of practice successful, starting with how to proceed with hiring the best staff.Physicians:Every physician that works in a cash only medical practice should be committed to quality healthcare. Since the office will probably not need to schedule as many patients a day as a traditional medical practice has to in order to cover its overhead, doctors will be able to spend more time with their patients. This type of niche medical practice is able to set its prices for services according to market rates instead of insurance guidelines, which usually means doctors are able to charge a slightly higher price per procedure. On the other hand, less staff is required for a cash pay medical practice due to less paperwork; and this means that the overhead for the office is also lower, so some physicians find that they are actually able to perform medical services at lower prices. Either way, cash only medical practices are often able to see many fewer patients everyday and still maintain a lucrative income. Physicians who enjoy taking their time with every patient and who will appreciate a lighter appointment schedule are ideal for a cash pay medical practice.
Office Staff:It is only logical that a cash only medical practice needs fewer billing staff as a result of cutting out the middle man in the payment process. However, the office staff that is necessary to keep this type of practice running smoothly must nevertheless be organized and firm. A cash pay practice means just that: payment for medical services are due, in cash, once they are rendered. Patients new to this type of arrangement may balk at the need to pay immediately for medical services, and the office staff needs to be experienced in making the payment policy clear and non-negotiable. If the practice does handle payment arraignments such as financing, the office staff needs to be able to make those policies clear to patients. Cash only medical practices, like traditional medical offices, will generally need to hire a staff member who is dedicated to organizing the billing paperwork and keeping all accounts current.
To further help you get started building your cash only medical practice, consult with Hippocrates Publishing. Since 2004, Hippocrates Publishing has provided invaluable support, such as hiring guidelines, to savvy medical professionals all over the world. Their specialty is publications such as books and booklets that assist physicians in medical practice marketing and niche medical practices. Visit their website at www.HippocratesPublishing.com today for more information, or call 877-408-2462.
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