Transparency Matters – by Robert Nelson, MD

TRANSPARENCY MATTERS!  

In our healthcare system today, the vast majority of what a doctor receives in payments comes from a third-party; your insurance company.  Payments made directly to the doctor out of someone’s pocket account for only about 10% of revenue. This has caused healthcare costs to soar much higher than necessary due to the injection of an unnecessary third party. 

If you know how the medical coding & billing cycle works, you will understand pretty quickly that the inflated billed charges justify the high premiums and the high premiums we pay support the inflated charges.  

The truth is, that very few people ever see a real price or pay full fare once the claim cycles through the process ~ other than the unfortunate “self-pay” patient, of course.  

So why do doctors go through all the mental/bookkeeping gyrations and the expense of filing claims if they always get less than what they…