Quote:
Originally Posted by mriguy
Most of the time, a hospital would be LUCKY to get 0.40 on the dollar
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Yep my clients see more like 0.25, his clients probably have a lower gross charge than the ones I am seeing. Cost reporting, that is fun stuff.
Regarding a hospital it is all about payer mix. If a hospital has a high amount of caid and care patients they are in trouble. A high amount of managed care patients can actually result in them making money.
Hospitals in larger cities now require deductibles and co insurance amounts to be paid prior to surgery, that helps.
I can't say who it is but there is a very large doctor group in south Louisiana that use to be my client. They are ran by CPA's not doctors and they run a great practice and make a ton of money. Of course the difference there is they do not have ER exposure since they are not a hospital. Doctor groups can do very well if they manage their cash and payer mix.