Health care costs and patient deductibles seem to be only taking one path which is the uphill one and physicians are realizing that discussing costs and how to reduce them is a very important part of the conversation with patients during an office visit.
Industry Standards State
Hence most medical societies and other physician organizations are encouraging cost discussions to help reduce healthcare costs.
Industry experts speak-
Initiatives such as “Choosing Wisely” and “Costs of Care” aim to talk about un-necessary procedures and treatments, and also helps reduce medical bills by declining or replacing ineffective and costly procedures.
While conversing costs with patients...
Increase in patient satisfaction -
Various studies depict ways of tackling the subject of cost with patients, and explaining to them expensive doesn’t always mean better. Tests are never 100% accurate and in few conditions it may be wiser to save on costs with a test which is 98% accurate rather than one which is 99% accurate. Cost discussions can help the practice lower patient costs and also make the best medical and financial decision.
A recent survey depicted that 32% had delayed medical care for them or a family member because of cost in 2012; compared to 19% in 2001. Helping patients reduce costs will help the practice not only retain current patients but also attract new patients. Moreover patients, who get excellent treatment, receive the best medical knowledge and experience - are well prepared for the treatment financially and psychologically - hence are satisfied and most likely to return.
Medicalbillersandcoders.com has been successfully providing medical billing services for over a decade now across all 50 US States. Our billing and coding experts with in-depth industry knowledge can assist practices to help determine areas which require training to improve patient care and communication.
Our team offers guidance along with providing relevant updates about new regulations and reforms- hence helping doctors inform patients about latest industry facts related to their medical billing and insurance. Furthermore our clients can easily concentrate on improving their practice management and communications as they rely on MBC for optimized billing services.
|Research depicts that good communication between the physicians and patients = improved patient outcomes= patient satisfaction = Increased office efficiency = Revenue & physician satisfaction!|