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tci Part B Insider - 2009 Issue 18
In other news ...
" Time is money in a medical practice, and a new study shows just how much money you put into trying to collect your rightful reimbursement.
A report published in the May 14, 2009 edition of Health Affairs shows that clinicians spend more than 35 minutes each day performing billing and insurance-related functions, costing medical practices at least $85,276 per full-time physician -- or 10 percent of total revenue.
For each physician working in a practice, 0.67 non-clinical full-time staff members worked on billing and insurance functions, the report indicated.
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