“Value based billing” remains dominant in the medical industry news, chiefly from the MACRA angle.
Tag: value
Unless you have developed a unicorn type practice or healthcare business, you need to adjust to the new reality.
“Value based billing” remains dominant in the medical industry news, chiefly from the MACRA angle. Mostly, though, it’s a lie because value is determined by the customer, not by some bean counter at CMS. Sure, CMS may be paying the bill for Medicare patients, but the patients are the actual customers and only they can assess whether value was truly delivered.
Unless you have developed a unicorn type practice or healthcare business, you need to adjust to the new reality.
Price is what you pay. Value is what you get.
I listened to a very interesting podcast called “The Soul of Enterprise.” It’s a business podcast mostly aimed at accountants, but it applies to other professional service providers as well.
Another day, another $4.2 million…
Airlines have figured out that there are different customers who are flying for different reasons and at different price points.
It’s not just the delivery of medical care that determines the value that your medical practice or group delivers. It’s all of the “soft” stuff as well.
The same strategy that drives the price of a stuffed shark up from a few thousand to $12 million can be applied by you to increase the value and profits of your medial group or facility.