Navigating Healthcare Exchange Plan Participation: 4 Steps

In a Physicians Practice report, Susanne Madden, founder and CEO of The Verden Group, a consulting and business intelligence firm, discusses the confusion surrounding the new healthcare exchange plans and lay out steps that physicians can take to navigate participation in the new system.

Advertisement

Here are four steps:

 

1. Figure out whether you are participating with an exchange plan.
2. Determine what your fee schedule is going to be.
3. Communicate very clearly with patients if they are not in the exchange plans.
4. Quantify the damage by taking note of the number of patients that you may lose due to your choice of plan and appeal to the insurance company to see if there is a way those patients can be retained.

More Articles on Practice Management:

7 Suggestions for Improving Employee Engagement, Motivation
Do Physicians Think Increased Hospital Employment is a Positive Trend? 4 Statistics
3 Ways to Use Current Employees as Recruiting Tools

Advertisement

Next Up in Practice Management

Advertisement

Comments are closed.