Quote:
Originally posted by Doc T
for the most part we don't chose what we get paid...medicare does. Insurance is based off of medicare rates and no matter what we charge it makes no difference...they pay what they want to. So all our collections are typically based off of adjusted collections since a gross collection rate would be ludicrous...probably less than 10 cents on the dollar.
This is not the case for fee for service specialties like plastic surgery....there if you cannot afford a face lift you don't get one....no special deals, but you can put it on your credit card.
So increasing the bills does nothing but decrease your gross collection rate and keep the adjusted the same. Wish it was that simple...lol.
doc t.
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I know of at least one doctor who did this, albeit during the 70s and 80s. Perhaps things have changed. Are you sure this is true in all areas? It is inconsistent with my understanding (which obviously may be wrong).