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Avoid the usual howlers

Howler bigYou’re great at being the doctor – often not so hot at the business side of things. Susan Hutter reveals some of the biggest business and financial howlers and shows how to avoid them.

Howler smallManage the potential shortfall from what the insurance companies are prepared to pay out compared to your charges

It’s a given that private medical insurance companies have specific medical codes for every procedure and are only prepared to pay X amount.

Your actual fee for a medical procedure may be double or multiples more than that price. It can be a dilemma raising this issue about costs with your patient – particularly at the onset if, say, your patient has a life-threatening diagnosis and your primary concern is to focus on the treatment needed rather than talk about £ signs.