The New Prescription: Thinking Outside the Third Party Box

Medical EconomicsI stumbled across a recent piece in Medical Economics that displaid methods of primary care doctors can supply their services to the public with less demand for administrative services related to insurance. It got me realizing and interesting what you think.

Sustaining a staff of workers to bill the multifold of insurance companies that come into a practice along with the patients is no little — or less expensive — endeavor. In accordance with the Kaiser Family Foundation, at least 7 percent of health care expenses in America in 2008 were administrative costs. These disbursements comprise billing. So out of $2.3 trillion in health care expenses that year, administrative costs counted for at least $161 billion. That’s a numerous portion of our health-care sources that isn’t setting broken bones, treating diseases or giving vaccines.