A Growing Movement of Doctors Accepting Cash

 

Taking the Power Back from the Hospitals

 

Today on Medicine On Call, Dr. George talks about how hard these days for a physician to keep their private practices. The practices a disappearing because some doctors are retiring and others are leaving to do something completely different. There is a growing movement among doctors to open cash only practices.

Doctors can navigate the system by taking their power back from hospitals. Advertising is key to your practice. Learn to handle your referrals better by making sure that there isn’t more than three negative comments against you. Advertise and event one day a month such as joint replacement consultation. It makes it easier for those considering surgery to get a second opinion. It also makes it easier for you to spend more time talking about that with your patients.

Doctors accepting cash if the future of medicine. It is cheaper than going to the hospitals and it costs doctors lees not to have to deal with insurance. Hospitals don’t really know how to charge people, it almost seems they take wild guesses on the high side to hope the price sticks. Insurance companies seem to  work overtime to clog doctors with paperwork and they are spending more time talking to insurance companies than patients. 

 Doctors want to learn to serve their patients better. Understanding costs is key. What are your fixed costs? What are your variable costs? Keeping costs down is the number one thing to serve your customer best!