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Charging Less Than Medicare
Can we legally charge our self-pay patients less than what the Medicare fee schedule allows?
Question: Can we legally charge our self-pay patients less than what the Medicare fee schedule allows?
Answer: Ask 10 managers this question, and you’ll get 10 answers. It’s a gray area. Here’s my answer: Yes, you can charge self-pay patients less than Medicare, but you want to make it clear that this lower charge is not your “usual and customary fee” (lest Medicare decides to pay you that much, too). So, you might offer it only to self-pay patients who pay in full at the time of service since there are obvious cost savings to you. Or you might reconsider the lower fee if self-pay patients make up a sizeable portion of your patient base. If you do it, do it judiciously.
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
