Medical groups give more ground to insurers
Discounts that physician group practices give managed care companies are growing ever-deeper. A survey by the Medical Group Management Association found that the percentage of the full charge for a service billed by group practices, called the fee-for-service gross collection percentage, dipped from 73.1 percent in 1995 to 71.9 percent in 1996, an all-time low.
Fewer bad debts
While discount rates are increasing, bad debt is becoming less of a problem. Fee-for-service adjusted gross percentage–the amount of billed charges actually collected–increased 0.7 percentage points to a record 97.0 percent in 1996. MGMA cites better information systems and increased use of automated billing for more effective collection of patient revenue.
SOURCE: COST SURVEY: 1997 REPORT BASED ON 1996 DATA, MEDICAL GROUP MANAGEMENT ASSOCIATION, ENGLEWOOD, COLO., 1997
| See also | Managed Care’s full collection of COMPENSATION MONITOR articles on physician and health plan executive compensation |
Paul Lendner ist ein praktizierender Experte im Bereich Gesundheit, Medizin und Fitness. Er schreibt bereits seit über 5 Jahren für das Managed Care Mag. Mit seinen Artikeln, die einen einzigartigen Expertenstatus nachweisen, liefert er unseren Lesern nicht nur Mehrwert, sondern auch Hilfestellung bei ihren Problemen.