Verified Document

Medical Office Financial Policy Over Term Paper

At the same time, you have numerous options in working with patients and a procedure for helping to collect all outstanding balances. (Lohr, 2010) When you put these different elements together, they are showing how this strategy can be utilized to reduce the underlying costs and increase profitability. This is accomplished by: outsourcing those procedures that decrease productivity and costs (billing / collections). While, being able to offer patients flexible payment plans and certain times where they can receive discounted services. Once this occurs, it means that costs will remain under control and the profit margins of the clinic will increase. This is because of the flexibility that this policy is providing. As it is allowing health care professionals' to adapt to the underlying challenges facing many private practices. (Lohr, 2010)

When these kinds of procedures have been utilized consistently, is the point that the culture will change within the clinic. This is significant, as it is illustrating how new tools and techniques must be utilized by: private practice...

If this kind of approach can be used, it will ensure that the clinic is able to adapt to the changes that are occurring inside the industry. This is the key in being able to: provide innovative health care solutions and deal with the new issues that will be a recurring problem in the future. Once this happens, the clinic can remain economically viable and a critical part of the community it serves.
Bibliography

More Doctors Giving Up Private Practice. (2010). Facebook. Retrieved from: http://www.facebook.com/topic.php?uid=203408519096&topic=15199

Dunning, D. (2008). Dental Practice Transition. Ames, IA: Wiley.

Lohr, S. (2010). High Tech Alternatives. New York Times. Retrieved from: http://www.nytimes.com/2010/05/23/business/23unboxed.html

Quaddiami, T. (2002). The Role of Third Party Billing. Biz Journals. Retrieved from: http://www.bizjournals.com/houston/stories/2002/05/20/focus4.html

Zuelke, P. (1989). Cash or Credit. Tulsa, OK: Penwall…

Sources used in this document:
Bibliography

More Doctors Giving Up Private Practice. (2010). Facebook. Retrieved from: http://www.facebook.com/topic.php?uid=203408519096&topic=15199

Dunning, D. (2008). Dental Practice Transition. Ames, IA: Wiley.

Lohr, S. (2010). High Tech Alternatives. New York Times. Retrieved from: http://www.nytimes.com/2010/05/23/business/23unboxed.html

Quaddiami, T. (2002). The Role of Third Party Billing. Biz Journals. Retrieved from: http://www.bizjournals.com/houston/stories/2002/05/20/focus4.html
Cite this Document:
Copy Bibliography Citation

Related Documents

Financial Policy Medical Associates Financial
Words: 1409 Length: 5 Document Type: Research Proposal

Once the written request is received, we will pay within 30 days (PCC.com, no date). If you paid by credit card, we will issue the refund to your card directly. If you paid cash, we will issue you a check. Part B: This policy is ideal for a small generalist office. The policy should outline the Medical Associates position clearly, so that the patient has an understanding of how billing and collections

Medical School Admission Is a Highly Competitive
Words: 3405 Length: 12 Document Type: Term Paper

Medical school admission is a highly competitive process that only evaluates and admits the most qualified candidates for entrance, and more students apply than spaces available in schools across the United States. The criteria that U.S. medical schools exercise in making their admission decisions are highly rigorous, including grade point average, future potential in the medical profession, communication skills, bedside manner, leadership skills, and extracurricular activities. As a result, many

Financial Aid and Funding for
Words: 3264 Length: 12 Document Type: Term Paper

S. Because educational options have increased more competition is coming from other countries in this market. Costs associated with the international student attending a U.S. school may often be too great for many international students to afford. Depending upon the outlook for work in the U.S., the international student may or may not attend college in the U.S. Costs for a college education in the United States is however, not

Policy Formulation in a World
Words: 5010 Length: 12 Document Type: Term Paper

This balkanization is partially driven by the lack of integration between various segments of itself, and this is primarily a technological limitation. Yet the far broader and more difficult challenge in this regard is the segregating of knowledge not just for profit, but for lasting competitive advantage between nations. On the one hand there is the need for competitive differentiation in company's offerings, yet in others including the sharing

Financial Managers & Compliance Managers
Words: 3241 Length: 10 Document Type: Research Paper

Despite this fundamental difference, financial and compliance managers work together as healthcare organizations make decisions to lower cost, increase revenue, and improve care. The concept of lowering cost while improving care presents a complex demand, and requires both financial and compliance officers to possess fundamental management knowledge, and similar professional skills in order to implement accounting and ethical standards (Buelow, et al. 2010). For example, a legal requirement or

Policy Analysis of Oregon's Death
Words: 8143 Length: 25 Document Type: Term Paper

In March of 2005, she was finally removed from life support and died thirteen days later. The case had 14 appeals, numerous motions, petitions and hearings in Florida courts, five suits in the Federal District Court; Florida legislation struck down by the Supreme Court of Florida; a subpoena by a congressional committee in an attempt to qualify Terri for witness protection; federal legislation and four denials of certiorari from

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now