Isn’t Filling All Your Patient Beds Just Like McDonald’s Offering All-Day Breakfast?

Posted by Ann Krauss on Apr 23, 2018 8:43:06 AM

Revenue and cash flow considerations of accepting in-network vs. out of network patients

Do you know how McDonald’s considered all-day breakfast?  When McDonald’s was considering a multitude of consumer requests for all day breakfast, a study was done to see about how the company could accomplish such a feat from an operational standpoint and the impact on overall revenue for millions of stores worldwide. It was found that because the stores were already covering overhead for lunch and dinner even if they charge less for breakfast items all day, the increase in revenue would be substantial.  There were many operational considerations, but ultimately, they found ways to overcome those challenges and the stores realized substantial revenue gains.

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Topics: behavioral health billing, billing solutions, third party medical billing, Uncategorized, mental health billing consulting

7 Reasons for Third Party Billing

Posted by Ann Krauss on Nov 5, 2014 8:30:00 AM

American Health care today is a corporate business.  Medical care, mental health care and substance abuse treatment are all at the mercy of this system.

Mental health and medical solo practitioners are looking to gain support through joining groups versus staying in their solo practices.  The Affordable Care Act is allowing for that shift through mandating mental health benefits and insurance coverage, along with the Mental Health Parity Law, requiring private and public insurers to cover mental health needs at the same level as medical conditions — charge, for example, similar co- pays.

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Topics: behavioral health billing, billing solutions, third party medical billing, Uncategorized, mental health billing consulting