Turn your fee schedule into a valuable management tool.
This article describes a method of performing a fee schedule analysis that will give you some important management information and tools. By using the methodology described in this article to set your fees, you will confirm that your fees are sufficient, assess your cash flow position, determine the approximate value of your accounts receivable, and estimate the collectible amounts of any new services being considered.
Joyce
Michael C
MC
Joyce & Associates, 307 W. Ivanhoe, Gilbert, AZ 85233, USA. MCJoyce@MSN.com
D004526:Efficiency; D005245:Fee Schedules; D005251:Fees, Medical; D017008:Negotiating; D011216:Practice Management, Medical / Q000191:economics*; D015895:Relative Value Scales; D014481:United States