Managed care and the bottom line of your practice |
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Authors: | Harris Susie T Kulesher Robert R |
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Institution: | Department of Health Services and Information Management, School of Allied Health Sciences, East Carolina University, Greenville, NC 27858-4353, USA. harissus@mail.ecu.edu |
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Abstract: | Managed care has greatly influenced the health care industry, particularly with regard to reimbursement for medical services. Managed care has had and continues to have a significant impact on reimbursement for physician services. When contractual relations with managed care companies are initiated and managed by medical practice administrators, the result can be beneficial to a physician practice's financial bottom line. This article discusses the necessity to develop effective working relationships with managed care companies and suggests strategies for establishing fee schedules and negotiating reimbursement contracts. |
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