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Related Experiment Videos

Turn account settlement into a PR exercise.

J North

    Australian Family Physician
    |June 1, 1989
    PubMed
    Summary
    This summary is machine-generated.

    Collecting fees via accounts costs general practices 20-25% of consultation fees. This impacts practice economics, as efficient fee settlement at the time of consultation can improve financial viability.

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    Area of Science:

    • General Practice
    • Healthcare Economics

    Background:

    • Collecting fees through accounts incurs significant costs for general practices, potentially impacting financial sustainability.
    • The current fee collection methods may not be economically viable for many practices.

    Purpose of the Study:

    • To analyze the economic implications of fee collection methods in general practice.
    • To explore alternative, more efficient fee settlement strategies.

    Main Methods:

    • Analysis of the cost of sending accounts for fee collection.
    • Evaluation of the impact of fee collection costs on practice revenue.

    Main Results:

    • Fee collection via accounts costs 20-25% of the average consultation fee.
    • This cost presents a significant economic challenge for general practices.

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    Conclusions:

    • Practices may struggle to absorb the high cost of account-based fee collection.
    • Integrating fee settlement with the patient's visit can enhance practice efficiency and financial health.